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Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset

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FINANCED
$49,500,000
Zachary (Zach) Kraft
Alan Blank

New York

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MultiFamily102,000 SF
Financed 03/14/2025
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FINANCED

Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset

445 Grand Avenue

See Similar Deals
MultiFamily102,000 SF
Financed 03/14/2025
Zachary (Zach) Kraft
Alan Blank
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:102,000 SF
Transaction Type:Loan

The asset involved in this transaction is a MultiFamily property located at 445 Grand Avenue in Brooklyn. The refinance loan amount for this property is $49,500,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $49,500,000.00
  • Lender: QuadReal Property Group
  • Landlord: Haussmann Development
  • Loan Type: refinance
  • Loan Date: 03/14/2025

This transaction involved Haussmann Development acting as the landlord and QuadReal Property Group as the lender, facilitating the refinance of the property. For all deal-related inquiries, contact [email protected].

Players

Alan Blank
Cushman & Wakefield
Alan Blank
13 deals$1.3B volume(212) 612-0117
BROKER
Zachary (Zach) Kraft
Cushman & Wakefield
Zachary Kraft
22 deals$3.8B volume
BROKER
QuadReal
QuadReal
LENDER
HD
Haussmann Development
LANDLORD
HD
Haussmann Development
LANDLORD

Details

FINANCED
IMAGE: Alan Blank, Zachary Kraft, Sebastian Sanchez, Josef Goodman & Jake Sokol DATE: 03/14/2025 ADDRESS: 445 Grand Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 102,000 ~ UNITS: 113 LENDER: QuadReal Property Group (@QuadRealPropertyGroup) LANDLORD: Haussmann Development - Josef Goodman & Jake Sokol; Charles Dubroff - Sagamore Capital BROKER: Alan Blank, Zachary Kraft & Sebastian Sanchez - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $49,500,000 LOAN TYPE: Refinance NOTE FROM LANDLORD: Reach out to [email protected] for all deal-related inquiries.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$49,500,000.00

Monthly NOI$330,000.00
Monthly Debt Service$312,873.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00