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Stellar Management Refinances Greenpoint Multifamily Properties With $117M Loan From Nuveen

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FINANCED
$117,000,000

New York

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MultiFamily
Financed 12/19/2025
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Property Image
FINANCED

Stellar Management Refinances Greenpoint Multifamily Properties With $117M Loan From Nuveen

211 Mc Guinness Boulevard & 308 Eckford Street

See Similar Deals
MultiFamily
Financed 12/19/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Two multifamily rental buildings located at 211 Mc Guinness Boulevard and 308 Eckford Street in Greenpoint, Brooklyn features a total of 240 units. The buildings were refinanced for an amount of $117,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $117,000,000
  • Lender: William Huffman - Nuveen
  • Landlord: Stellar Management
  • Previous Loan: $118.2M Flagstar Bank loan
  • New Entity: Greenpoint Eckford Owner, LLC

William Huffman represented Nuveen in the refinancing transaction, alongside Stellar Management, which operates through Greenpoint Eckford Owner, LLC for the management of the properties involved in this loan agreement.

Players

William (Bill) Huffman
Nuveen
William Huffman
24 deals$2B volume
LENDER
Nuveen
Nuveen
LENDER
Stellar Management
Stellar Management
LANDLORD

Details

FINANCED
IMAGE: IMAGE: William Huffman DATE: 12/19/2025 ADDRESS: 211 Mc Guinness Boulevard & 308 Eckford Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily LENDER: William Huffman - Nuveen (@Nuveeninv) LANDLORD: Stellar Management (@StellarManagement) LOAN AMOUNT: $117,000,000 LOAN TYPE: Refinance NOTE: Stellar Management, via Greenpoint Eckford Owner, LLC, refinanced two Greenpoint, Brooklyn rental buildings totaling 240 units with a $117M loan from Nuveen/Teachers Insurance, replacing a prior $118.2M Flagstar Bank loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$117,000,000.00

Monthly NOI$780,000.00
Monthly Debt Service$739,519.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00