L3 Capital's Williamsburg Retail Portfolio Secures $90.5M Loan From Ladder Capital
81-83 North, 6th Street, 85-87 North, 6th Street, 89 North, 6th Street, 91 North, 6th Street, 111 North, 6th Street, 113 North, 6th Street, 115 North, 6th Street, 108 North, 7th Street, 104-106 North, 7th Street, 168-170 Wythe Avenue, 129-133 Kent Avenue
85,500 SF
Summary
Located in the Williamsburg neighborhood of Brooklyn, the retail property at 81-83 N. 6th Street, 85-87 N. 6th Street, 89 N. 6th Street, 91 N. 6th Street, 111 N. 6th Street, 113 N. 6th Street, 115 N. 6th Street, 108 N. 7th Street, 104-106 N. 7th Street, 168-170 Wythe Ave, and 129-133 Kent Avenue has recently been involved in a loan transaction. The asset spans a total of 85,500 square feet and is situated in the vibrant market of Williamsburg, BK.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90,500,000
- Lender: Ladder Capital
- Landlord: L3 Capital - Domenic Lanni
- Brokers: JLL - Geoff Goldstein, Rob Rizzi
The loan transaction, which took place on December 27, 2019, involved various notable individuals and companies. Geoff Goldstein, Domenic Lanni, and Rob Rizzi played key roles in the deal as representatives from JLL. As the lender, Ladder Capital provided the loan amount of $90,500,000. Additionally, the landlord of the property is L3 Capital, specifically Domenic Lanni.
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