Ekstein Development Group Secures $58 Million Refinance Loan From Barings For Bushwick Multifamily Asset

The property asset involved in this transaction is a multifamily building located at 1333 Broadway in the Bushwick neighborhood of Brooklyn. The asset consists of 106 residential units along with 29,149 square feet of commercial space. The transaction was a refinance, with the loan amount set at $58,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,000,000
• Address: 1333 Broadway
• Market: Bushwick, Brooklyn
• Units: 106
• Commercial Space SF: 29,149
• Lender: Barings
• Landlord: Ekstein Development Group - Erik Ekstein & Standard Real Estate Investments
• Brokers: Peter Rotchford, Robert Tonnessen & Rob Hinckley - JLL
• Loan Type: Refinance

The key individuals involved in this deal include Erik Ekstein representing Ekstein Development Group and the joint efforts of Standard Real Estate Investments. The brokerage team from JLL consists of Peter Rotchford, Robert Tonnessen, and Rob Hinckley, who facilitated the transaction.