Northeast

NEW YORK CITY — JLL Capital Markets has negotiated $173 million in bridge financing for Lorimer House, a 270-unit community in the South Williamsburg neighborhood of Brooklyn. JLL worked on behalf of the borrowers — a joint venture between The Loketch Group, The Joyland Group and Meral Property Group — to secure the financing through TPG Real Estate Credit. Aaron Niedermayer and Ethan Stanton led the JLL Capital Markets team. Lorimer House rises eight stories at 28 Boerum St. The property offers studio, one- and two-bedroom units. Select units feature …

NEW YORK CITY — Newmark Group Inc. and Greystone Capital Advisors have arranged $560 million in floating-rate debt for the refinancing of 3ELEVEN, a 60-story high-rise community located just south of Manhattan’s Hudson Yards district. Ares Management and Douglaston Development were the borrowers. Jordan Roeschlaub and Nick Scribani of Newmark, in collaboration with Jonathan Firestone, Drew Fletcher, Paul Fried and Bryan Grover of Greystone Capital Advisors, arranged the debt. The financing will repay the HSBC construction loan. 3ELEVEN comprises 938 apartments in studio through three-bedroom layouts. Community amenities include a pool with cabanas, …

NEW YORK CITY — Walker & Dunlop (NYSE: WD) has arranged the $148 million refinancing of The Victoria, a mixed-use property in the Harlem neighborhood of Upper Manhattan. The project was constructed around the neighborhood’s historic Victoria Theater. According to Walker & Dunlop, The Victoria is the tallest building in Harlem.  The Victoria comprises 191 apartments, as well as 23,000 square feet of retail space, a 211-room Marriott-branded hotel and 52 below-grade parking spaces. The 30-story building was completed in the third quarter of 2023. Aaron Appel, Keith Kurland, Jonathan …