Lincoln Property Company Secures $44.8M Acquisition Financing From Truist Bank For Multifamily Asset In Williamsburg

The property asset involved in this transaction is a multifamily building located at 56 North 9th Street in Williamsburg, Brooklyn, comprised of 45 units. The acquisition financing for this property amounts to $44,800,000, facilitated through Truist Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $44,800,000
• Address: 56 North 9th Street
• Market: Williamsburg, Brooklyn
• Lender: Truist Bank
• Landlord: Lincoln Property Company, Land Labor Capital & Rockpoint
• Broker Representatives: Nicco Lupo, Lauren Kaufman & Chris Peck - JLL
• Loan Type: Acquisition Financing
• Units: 45

The transaction involved key individuals and companies, with Lincoln Property Company, Land Labor Capital, and Rockpoint serving as the landlords. The brokerage team representing the deal consists of Nicco Lupo, Lauren Kaufman, and Chris Peck from JLL.