Lonicera Partners announced it secured a $74 million senior secured loan for a 23-story, class A multifamily building in downtown Brooklyn, N.Y.
Located at 310 Livingston Street, the building features 160 luxury apartment units and more than 8,600 square feet of ground-floor retail and premier amenity space.
First Citizens Bank served as sole lender.
"We're pleased to partner with First Citizens Commercial Real Estate on this financing, after having positive experiences working with them on other commercial real estate deals in recent years," said Jamie Anthony, founder at Lonicera Partners. "We appreciate their expertise in commercial real estate construction financing, as well as their ability to deliver tailored financing that meets our specific business needs."
