Dov Barnett Nicholas Silvers And Sam Charney Secure $125.5M Refinance Loan For Gowanus Multifamily

The property asset involved is a multifamily building located at 577 Union Street in the Gowanus area of Brooklyn. This property encompasses a total square footage of 246,316 and features 214 residential units. The transaction includes a refinance loan amounting to $125,500,000 provided by JLL Real Estate Capital, which replaces the previous debt of $107,000,000 from OdysseyRe.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $125,500,000
• Address: 577 Union Street
• Market: Gowanus, Brooklyn
• Lender: JLL
• Landlord: Dov Barnett & Nicholas Silvers - Tavros Capital & Sam Charney - Charney Companies
• Prior Debt: $107,000,000 from OdysseyRe

The individuals involved in this transaction include Dov Barnett and Nicholas Silvers, both representing Tavros Capital, along with Sam Charney representing Charney Companies. They effectively orchestrated the refinancing deal through their entity, Gowanus Union Street LLC, securing a significant loan amount to enhance the financial standing of the project.