Helaba Provides $151M Loan For Multifamily Portfolio In Brooklyn

The recently closed property transactions in Brooklyn involved multiple multifamily assets. The properties included in the deal are located at 500 Sterling, 65 N 6th Street, 105 Grand Avenue, 42 Meserole Street, 365 Union Street, 281 Union Street, 168-172 Meserole Street, and 248 Bedford Avenue. The total square footage of these assets is 211,654, with a total of 296 units.

Summary of transaction details:

• Property Type: Multifamily
• Lender: helaba''>Helaba
• Landlord: Bruce Ratner
• Brokers: Geoff Goldstein, Steve Klein – ...
• Loan Amount: $151,000,000

Helaba provided a loan amount of $151,000,000 for this transaction, facilitating the deal. Bruce Ratner acted as the landlord in this multi-property transaction. The brokers involved in the deal were Geoff Goldstein and Steve Klein, representing their respective agencies. The collaboration of these key individuals and companies contributed to the successful completion of this transaction.