Naftali Group & Access Industries Secure $385M Construction Loan For Williamsburg Multifamily | 470 Kent Avenue | Mo Beler, Keith Kurland, Adam Schwartz, Aaron Appel, Brendan Maddigan, Jonathan Schwartz | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

1,000,000 sqft

The Naftali Group and Access Industries have secured a construction loan of $385,000,000.00 from Bank OZK and Barings for a multifamily property located at 470 Kent Avenue in Williamsburg. The property spans approximately 500,000 square feet.

Summary of Transaction Details

Property Type: Multifamily
Transaction Amount: $385,000,000.00
Lender: Bank OZK & Barings
Landlord: Naftali Group & Access Industries

The deal was facilitated by the brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, and Mo Beler of Walker & Dunlop. They represented the Naftali Group and Access Industries in the transaction.

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Players

All
8

Agents
6
Agencies
2

Mo Beler

Senior Managing Director

$111.8M Sold

Keith Kurland

Senior Managing Director

$226.7M Sold

Adam Schwartz

Senior Managing Director

$226.7M Sold

Aaron Appel

Senior Managing Director

$266M Sold

$2.7B Sold

$230M Sold

Details

Deal Summary

FINANCED

IMAGE: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Mo Beler DATE: 11/18/2022 ADDRESS: 470 Kent Avenue MARKET: Williamsburg ASSET TYPE: Multifamily ~ SF: 500,000 LENDER: Bank OZK & Barings LANDLORD: Naftali Group & Access Industries BROKERS: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler - Walker & Dunlop LOAN AMOUNT: $385,000,000.00.00 LOAN TYPE: Construction

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Address470 Kent Avenue

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