Invesco Real Estate Provides $73.6M Acquisition Loan For Multifamily Property In Williamsburg

An acquisition loan of $73,600,000 has been secured for the multifamily property located at 8 Marcy Avenue in Williamsburg. The property spans an impressive 107,903 square feet and consists of 123 units. This loan was facilitated by Invesco Real Estate, serving as the lender, and was obtained for the purpose of acquiring the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $73,600,000
• Square Footage: 107,903
• Number of Units: 123
• Address: 8 Marcy Avenue
• Market: Williamsburg

The acquisition deal for 8 Marcy Avenue was successfully orchestrated by brokers Steven Klein, Geoff Goldstein, and Christopher Pratt from JLL. Their expertise and negotiation skills played a pivotal role in bringing together The Carlyle Group as the landlord and facilitating the agreement with Invesco Real Estate as the lender. The involvement of these key individuals and companies showcases their significant contributions to the transaction.