TF Cornerstone Refinances 798-Unit Complex At 595 Dean Street Brooklyn With PNC Bank Loan

The property asset involved in the transaction is a multi-family rental complex located at 595 Dean Street in Prospect Heights, Brooklyn. It consists of 798 units and has undergone refinancing with a loan amount of $448,300,000. The refinance replaces existing debt of $385 million from Wells Fargo.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $448,300,000
• Lender: Tara Suaya - PNC Bank
• Landlord: Jeremy Shell - TF Cornerstone

The transaction highlights the involvement of Tara Suaya from PNC Bank, who provided the refinancing for the property, as well as Jeremy Shell representing TF Cornerstone, the landlord in the deal. This transaction reflects a strategic financing move by the landlord to enhance their asset management and financial positioning.