Invesco Real Estate Provides $32.5M Loan For Multifamily Properties In Brooklyn, NY

A $32,500,000 loan was secured for the acquisition of multiple multifamily properties located in Brooklyn. The properties include 264 Kosciuszko Street, 24 Cornelia Street, 27 Bleecker Street, 194 Cooper Street, 610 Bainbridge Street, 69 Schaefer St., 236 7th Ave., 391 4th St., 441 1st St., 493 Hart St., and 177 Jefferson St. The loan was provided by Invesco Real Estate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,500,000
• Lender: Invesco Real Estate
• Landlord: Carlyle Group - Kewsong Lee & Glenn A. Youngkin

The acquisition of these properties in Brooklyn was facilitated by the Carlyle Group, with Kewsong Lee and Glenn A. Youngkin representing the company in the deal.