The Domain Companies LMXD Park Tower Group Secures $114 Million Loan For Greenpoint Multifamily

The property asset involved in this transaction is located at Greenpoint Landing, comprising three addresses: 21 Freeman Street, 37 Freeman Street, and 209 West Street in the Greenpoint market of Brooklyn. This multifamily asset consists of 1000 units and is associated with a loan amount of $114,000,000, structured as debt and equity capitalization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $114,000,000
• Address: 21 Freeman Street, 37 Freeman Street & 209 West Street
• Market: Greenpoint, Brooklyn
• Lender: Bank OZK & InterVest
• Landlord: The Domain Companies, LMXD & Park Tower Group
• Brokers: Christopher Peck, Nicco Lupo, Rob Hinckley & Scott Aiese - JLL

The key individuals and companies involved in this deal include the lenders Bank OZK and InterVest, who collaborated to provide the financing. The landlords, which consist of The Domain Companies, LMXD, and Park Tower Group, played a significant role in managing the property during this transaction. The brokerage team from JLL, comprising Christopher Peck, Nicco Lupo, Rob Hinckley, and Scott Aiese, facilitated the deal.