Friday 6 November 2020

Spitzer snags $388M loan for Williamsburg complex

Eliot Spitzer’s development firm has secured a $388 million refinancing package for its massive rental complex at 420 Kent Avenue on the Williamsburg waterfront. Meridian Capital Group arranged the 10-year, interest-only CMBS loan, which was provided by Citigroup, Commercial Observer reported, citing sources familiar with the deal. The new loan replaces a $386 million loan provided by KKR Real Estate Finance Trust in May 2019. The 1.5 million-square-foot complex consists of three glass towers designed



source https://therealdeal.com/2020/11/06/spitzer-snags-388m-loan-for-williamsburg-complex/

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