The Loketch Group Joyland Group Meral Property Group Secures $220 Million Refinance Loan From Blackstone Centersquare

The transaction involves a multifamily asset located at 268 Lorimer Street in the Williamsburg market, with a loan amount of $220,000,000 associated with a refinance agreement.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $220,000,000
• Lender: Blackstone & Centersquare
• Landlord: The Loketch Group, Joyland Group & Meral Property Group
• Landlord's Representatives: Morris Betesh, Alex Bailkin & Andrew Rosenberg - Arrow Real Estate Advisors
• Loan Type: Refinance
• Date: 11/7/2025

This deal features prominent individuals such as Moishe Loketch, Joel Wertzberger, Pinny Loketch, Stephen A. Schwarzman, and E. Todd Briddell, all of whom are connected to the transaction but do not represent the landlord.