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Finance Deals of the Week: KKR Provides $220M Industrial Portfolio Refi
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An active May on the commercial real estate lending front continued this week with three six-figure deals, led by a $220 million refinance provided by KKR (KKR) for a 2.1 million-square-foot industrial portfolio owned by Ares Industrial Real Estate Income Trust. Another large transaction was a $110 million construction loan supplied by QuadReal Property Group on EMP Capita’s planned 246-unit apartment project at a former development site at 870-888 Atlantic Avenue in Flatbush, Brooklyn. Here are the rest of the deals.
Loan Amount
Lender
Borrower
Address
Property Type
Broker
KKR
Ares Industrial Real Estate Income Trust
Nine-building portfolio
Industrial
N/A
QuadReal Property Group
870-888 Atlantic Avenue; Brooklyn
Multifamily
Walker & Dunlop’s Keith Kurland and Jordan Casella
Madison Realty Capital and Unity Capital
144 Broadway Place; Long Branch, N.J.
Multifamily
N/A
Wells Fargo
L+M Fund Management
Knickerbocker Village; Manhattan
Affordable Housing
N/A
Pier 19 Residences and Marina; Miami
Multifamily
Berkadia’s Charles Foschini, Christopher Apone and Shannon Wilson
Finance Deals of the Week reflect deals closed or announced from May 13 to May 17. Information on financings can be sent to editorial@commercialobserver.com.
SEE ALSO: Deutsche Bank, KSL Partners Provide $185M Refi for Miami Hotel
Deals of the Week, Jordan Casella, Keith Kurland, Apollo Asset Management, Ares Industrial Real Estate Income Trust, Berkadia, EMP Capital, KKR, Kushner Companies, L+M Fund Management, Madison Realty Capital, Neology Development Group, QuadReal Property Group, Unity Capital, Walker & Dunlop
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