Clipper Equity Secures $450 Million Refinance Loan From JP Morgan For Brooklyn Multifamily Property

The property asset involved in this transaction is a multi-family building located at 77 Commercial Street in the Brooklyn market. It spans a total square footage of 788,595 and comprises 766 residential units, covering an area of 2.6 acres.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $450,000,000
• Loan Type: Refinance
• Lender: JP Morgan
• Landlord: Clipper Equity
• Broker: Henry Bodek - Galaxy Capital
• Date: 12/9/2025

Key individuals involved in the deal include David Bistricer, Jamie Dimon, and Aaron Casden, who played significant roles in facilitating this refinance transaction.