JLL Capital Markets<\/a> announced that it has arranged the sale of an $88 million non-performing loan secured by The Kent House, a new mixed-use building with 96 multihousing units and 31,000 square feet of multi-level retail space in Williamsburg, Brooklyn.<\/p>\nJLL worked on behalf of Prophet Capital in the disposition of the $78 million first mortgage and a $10 million mezzanine loan, which was acquired by Invictus Real Estate Partners.<\/p>\n
The Kent House is a seven-story, 87,809-square-foot luxury mixed-use building with studio, one-, two- and three-bedroom apartments that each feature large windows, hardwood floors, stainless steel appliances, quartz countertops and individually controlled heating and cooling. Building amenities include a rooftop deck, rear patio, spa, co-working space, fitness center, laundry room, bike room, parking garage and seventh-floor recreation room. The building features primary frontage and strong visibility at the corner of Metropolitan Ave. and Kent Ave.<\/p>\n
The property is conveniently located at 187 Kent Ave. in the dynamic Williamsburg neighborhood with a wide variety of dining, shopping and recreational options nearby. The Kent House provides superior transportation access and is situated in a highly walkable and biker-friendly neighborhood, along with the popular J and L trains that run to Manhattan within close walking distance.<\/p>\n
The JLL Capital Markets team that arranged the loan sale was led by Managing Directors Brett Rosenberg and Scott Aiese, Senior Director Steven Rutman and Associate Bill Butler.<\/p>\n
\u201cThis was a unique opportunity to acquire a non-performing whole loan directly from the original lender secured by a newly constructed mixed-use asset in a highly desirable market,” Eric Scheffler of Invictus said.<\/p>\n
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients\u2014whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
JLL Capital Markets announced that it has arranged the sale of an $88 million non-performing loan secured by The Kent House, a new mixed-use building with 96 multihousing units and 31,000 square feet of multi-level retail space in Williamsburg, Brooklyn. JLL worked on behalf of Prophet Capital in the disposition of the $78 million first […]<\/p>\n","protected":false},"author":15,"featured_media":25270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[606,436,605],"tags":[497,609,24500,438,608],"class_list":["post-25269","post","type-post","status-publish","format-standard","hentry","category-deal-boom","category-new-england-region","category-news","tag-brooklyn-new-york","tag-deal-boom","tag-jll","tag-new-york","tag-news"],"yoast_head":"\n
Prophet Capital sells $88 million note on The Kent House in Williamsburg to Invictus Real Estate Partners | Yield PRO<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n