Colony Credit Provides $75M Loan For Multifamily Property In Hunter's Point

The multifamily property at 21-09 Borden Ave in Hunter's Point has recently been involved in a closed transaction. The property is owned by Related Companies and Green Oak Real Estate and is situated in a prime location. The loan for this transaction was provided by Colony Credit, with an amount of $75 million. This substantial loan demonstrates the value and potential of the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75 million
• Address: 21-09 Borden Ave
• Market: Hunter's Point

Jordan Roeschlaub and Dustin Stolly, representing NewmarkKF, acted as the brokers in this deal. Their expertise and negotiation skills played a crucial role in facilitating the transaction between the buyers and sellers. Their involvement further underscores the significance of this deal.

This closed transaction involving the multifamily property at 21-09 Borden Ave in Hunter's Point showcases the collaboration between Related Companies, Green Oak Real Estate, and Colony Credit. The successful completion of this deal highlights the potential for growth and development in the multifamily market.