Douglaston Development & Corebridge Real Estate Investors Secures $287M Refinance Loan From KKR For Multifamily Asset In Brooklyn

The asset involved in the transaction is a multifamily property located at 1 North 4th Street in Brooklyn, comprising a total of 509 units. The loan amount secured for refinancing this asset is $287,000,000, facilitated by KKR.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $287,000,000
• Asset Address: 1 North 4th Street
• Market: Brooklyn
• Lender: KKR
• Landlord: Douglaston Development & Corebridge Real Estate Investors
• Landlord's Representative: Drew Fletcher, Bryan Grover & Jesse Kopecky - Greystone
• Loan Type: Refinance

Key individuals in the transaction include Drew Fletcher, Bryan Grover, and Jesse Kopecky representing Douglaston Development & Corebridge Real Estate Investors in the financing agreement, ensuring a successful refinance of this multifamily asset.