Metlife Provides $45M Loan For 126-Unit Multi Family Property In Brooklyn

The multi-family property located at 33 Caton Place in Brooklyn has recently undergone a financial transaction. The property comprises 126 units and is owned by The Dermot Company. The loan for this transaction was provided by Metlife, amounting to $45,000,000.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $45,000,000
• Address: 33 Caton Place, Brooklyn
• Market: Brooklyn
• Units: 126
• Lender: Metlife
• Landlord: The Dermot Company

The deal was facilitated by several brokers, including David Krantz and Paul Leibowitz from Savills Studley who arranged the equity and co-brokered the debt. They were joined by Steven Klein and Geoff Goldstein from HFF. Representing the seller were Andrew Scandalios, Jeffrey Julien, and Rob Hinckley, also from HFF.