1333-broadway-Brooklyn

JLL Arranges $58M Loan to Refinance Newly Completed Property in Brooklyn

by Lynn Peisner

NEW YORK CITY — JLL has arranged a $58 million refinancing loan provided by Barings for 1333 Broadway, a 106-unit mixed-use property in Brooklyn’s Bushwick neighborhood. Ekstein Development Group and Standard Real Estate Investments were the borrowers. The project was completed in April. The 20-story property is comprised of 74 market-rate units, 32 affordable units and 29,000 square feet of commercial space. Rent caps were not disclosed. Peter Rotchford, Rob Hinckley and Robert Tonnessen led JLL’s team.

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