March 2, 2021 9:00 AM
星空体育app下载, as exclusive advisor to Signature Development Group, secured $130 million in construction financing for the development of Brooklyn Basin 鈥� Parcel G in Oakland, California (鈥淧roject鈥�). The Project is fully entitled for 371 multifamily apartment homes and 31,000 square feet of retail on an approximately 2.67-acre parcel (Parcel G) in the Brooklyn Basin master plan development.
星空体育app下载鈥檚 Vice Chairman and Senior Managing Director of the team in the office represented the borrower in the financing efforts and the construction loan was placed with Bank OZK.
The 63-acre Brooklyn Basin master development, the Project boasts an incomparable location along Oakland鈥檚 waterfront, providing residents a serene and tranquil environment unmatched by any other rental community in the East Bay.
The Project will offer tenants an extensive amenity package, including a fitness center, club house, large outdoor courtyard and a roof deck with views of the San Francisco Bay.
鈥淓ven with the pandemic-driven challenges posed to the multifamily market, Parcel G鈥檚 exceptional location and unique offering for tenants presented a compelling opportunity for lenders. This, combined with the strength and experience of the sponsor, resulted in significant interest from the debt markets,鈥� says Moritz.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, 星空体育app下载 generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow .
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