Z&G Property Group And Carlyle Group Obtain $80 Million Loan For Brooklyn Multifamily Asset

The property involved in this transaction is a multifamily asset located at 130 2nd Street in Brooklyn. It encompasses a total square footage of 129,905. The acquisition loan amount secured for the property is $80,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Address: 130 2nd Street
• Market: Brooklyn
• Lender: Invesco Real Estate
• Landlord: Z+G Property Group & Carlyle Group
• Brokers: Geoff Goldstein & Steven Klein - JLL
• Loan Type: Acquisition

This transaction was facilitated by Geoff Goldstein and Steven Klein, who acted as the brokers representing the deal. The landlords of the property are Z+G Property Group and Carlyle Group, who were key participants in securing the acquisition loan from Invesco Real Estate.