Joel Fleisher Of Halcyon Management Secures $333.9M Refinance Loan From Wells Fargo For Multifamily Asset

This transaction involved the refinancing of two residential elevator buildings located at 60 Wharf Drive and 23 West Street in Greenpoint, Brooklyn. The properties consist of a total of 770 units with a combined square footage of 923,741. The loan amount for this refinancing deal was $333,900,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $333,900,000
• Square Feet: 923,741
• Units: 770
• Address: 60 Wharf Drive & 23 West Street
• Market: Greenpoint, Brooklyn
• Lender: Wells Fargo
• Landlord: Joel Fleisher - Halcyon Management
• Loan Type: Refinance

The refinancing was executed by Halcyon Management’s West Development B LLC, representing a substantial financial maneuver in the Greenpoint area focused on enhancing the management of its multifamily units. Joel Fleisher played a significant role in this transaction as the landlord throughout the process.