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Lonicera Partners Secures $70M Construction Loan For Development Site In Downtown Brooklyn

308 Livingston Street
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This Development Site property located in NY received a loan of $70,000,000 almost 5 years ago. The brokers of the deal were Keith Kurland and Jonathan Schwartz

A development site located at 308 Livingston Street in Downtown Brooklyn has secured a $70,000,000 construction loan from Santander Bank US and City National Bank. The loan was facilitated by brokers Jonathan Schwartz and Keith Kurland from JLL NY Capital Markets. The site spans 151,000 square feet and is owned by Lonicera Partners. The planned development is a 23-story boutique mixed-use building.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $70,000,000
  • Address: 308 Livingston Street, Downtown Brooklyn
  • Market: Downtown Brooklyn

The loan, provided by Santander Bank US and City National Bank, will be used for the construction of a 23-story boutique mixed-use building on the development site at 308 Livingston Street in Downtown Brooklyn. The building, owned by Lonicera Partners, will feature residential units and is set to be a prominent addition to the area.

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Deals
  • Location
    308 Livingston St, Brooklyn, NY 11217, USA308 Livingston St, Brooklyn, NY 11217, USA
  • Loan Value
    $70,000,000$70,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Keith Kurland

Keith Kurland

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Financed$12.8B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
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Volume$76.5B

City National Bank

City National Bank

Lender
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Volume$ 255.9B

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Deal Summary

LOAN IMAGE: Jonathan Schwartz and Keith Kurland DATE: 06/03/2019 ADDRESS: 308 Livingston Street MARKET: Downtown Brooklyn ASSET TYPE: Development Site LENDER: SantanderBankUS, and @CityNationalBank LANDLORD: Lonicera Partners BROKERS: @JLL_NY_CapitalMarkets Jonathan Schwartz and Keith Kurland LOAN AMOUNT: $70,000,000 LOAN TYPE: Construction loan SF: 151,000 PLANS: 23-story, boutique mixed-use building. residential building in Downtown Brooklyn.

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308 Livingston Street

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