Navistone Development Secures $68.5 Million Refinance Loan For Development Site In Brooklyn

The property involved in this transaction is a development site located at 10 Java Street in Brooklyn, NY. The asset encompasses a buildable square footage of 500,000. The loan amount for this property reached $68,500,000 and it was a refinance transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $68,500,000
• Address: 10 Java Street
• Market: Brooklyn, NY
• Asset Type: Development Site
• Buildable Square Footage: 500,000
• Lender: Zach White - Centennial Commercial Finance Group; Jonathan Snider & Jeffrey Katz - Sherwood Equities
• Landlord: Navistone Development
• Broker Representatives: Alex Dobosh, Andrew Pilchick & Jacob Kaufman - HKS Real Estate Advisors

The transaction involved multiple key parties, including lenders from Centennial Commercial Finance Group and Sherwood Equities who facilitated the financing. The landlord of the property is Navistone Development, which plays a crucial role in its management. The brokerage representation was provided by Alex Dobosh, Andrew Pilchick, and Jacob Kaufman from HKS Real Estate Advisors, who were instrumental in this deal.