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

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.