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Helaba Provides $79M Construction Loan For Multifamily Property In Downtown Brooklyn

111 Willoughby Street
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This MultiFamily property located in NY received a loan of $79,000,000 about 2 years ago. The brokers of the deal were Max Herzog and Geoff Goldstein

The Roman Catholic Church of St. Boniface has secured a construction loan of $79,000,000 for a multifamily property located at 111 Willoughby Street in Downtown Brooklyn. The property has a total square footage of 123,165 and consists of 227 units. Helaba will act as the lender for this transaction.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $79,000,000
  • Address: 111 Willoughby Street
  • Market: Downtown Brooklyn
  • Square Footage: 123,165
  • Units: 227

Geoff Goldstein and Max Herzog from JLL represented the Roman Catholic Church of St. Boniface in this deal. They acted as the brokers for the transaction. Additional details about the individuals or companies involved in the deal were not provided.

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Deals
  • Location
    111 Willoughby Street, Brooklyn, New York 11201, United States111 Willoughby Street, Brooklyn, New York 11201, United States
  • Loan Value
    $79,000,000$79,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Max Herzog

Max Herzog

Deals39
Financed$2B

Geoff Goldstein

Geoff Goldstein

Deals39
Financed$6B

Agency

JLL

JLL

Agency
Deals5584
Volume$332.6B

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Deal Summary

LOAN IMAGE: Max Herzog, Andrew Scandalios, Geoff Goldstein, Lester Petracca, Michael Flanagan & Richard Lavrich DATE: 03/01/2022 ADDRESS: 111 Willoughby Street MARKET: Downtown Brooklyn ASSET TYPE: Multifamily ~ SF: 123,165 ~ UNITS: 227 LENDER: Helaba LANDLORD: Roman Catholic Church of St. Boniface BROKERS: Geoff Goldstein & Max Herzog - JLL LOAN AMOUNT: $79,000,000 LOAN TYPE: Construction Loan LOAN TERMS: $79,000,000 Loan

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111 Willoughby Street

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