MacArthur Holdings & Tankhouse Secure $123M Construction Financing For 158-Unit Multifamily In Gowanus

The property asset involved in this transaction is a multifamily building located at 450 Union Street in Gowanus, Brooklyn, consisting of 158 units. The financial details include a total loan amount of $123,000,000, which comprises construction financing and equity placement. The lenders for this deal are Bank Hapoalim, IDB Bank, and Global Holdings.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $123,000,000
• Address: 450 Union Street
• Market: Gowanus, Brooklyn
• Units: 158
• Lender: Bank Hapoalim, IDB Bank & Global Holdings
• Landlord: MacArthur Holdings & Tankhouse
• Brothers: Christopher Peck, Peter Rotchford, Nicco Lupo & Winfield Clifford - JLL
• Loan Type: Construction financing & equity placement

The key individuals involved in this transaction include the landlords, MacArthur Holdings and Tankhouse, alongside the brokerage team from JLL represented by Christopher Peck, Peter Rotchford, Nicco Lupo, and Winfield Clifford. Their roles ensured the successful facilitation of this complex financial arrangement.