Douglaston Development & Corebridge Real Estate Investors Secures $287M Refinance Loan From KKR For Multifamily Asset In Brooklyn
FINANCED
$287,000,000
New York
See Similar DealsMultiFamily
Financed 08/04/2025
FINANCED
Douglaston Development & Corebridge Real Estate Investors Secures $287M Refinance Loan From KKR For Multifamily Asset In Brooklyn
1 North 4th Street
See Similar DealsMultiFamily
Financed 08/04/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$287,000,000.00
Monthly NOI$1,913,333.33
Monthly Debt Service$1,814,035.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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