BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga studios, screening rooms, coworking spaces, rooftop terraces with Manhattan skyline views, multiple pool decks with barbecue areas, pet washing stations, bicycle storage and on-site parking. JLL’s team representing PMG was led by Christopher Peck, Peter Rotchford and Nicco Lupo.
Property Markets Group (PMG) has obtained a refinancing loan for Society Brooklyn, a two-tower, 517-unit community in the Gowanus area that opened in 2025. The towers are located at 500 Degraw and 504 Sackett streets.
PMG Secures $370M Refinancing Loan for Society Brooklyn
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