Ohana Real Estate Investors announced that it secured a $59 million senior loan facility for the refinancing of the Tillary Hotel and Residences (Tillary) in Brooklyn, N.Y.
Slate Asset Management’s Slate Real Estate Capital, the private credit business of Slate, provided the loan to the borrower.
Tillary is a 12-story, limited-service, 174-room hotel and 64-unit multifamily residential property located at 85 Flatbush Ave. Ext, between Downtown Brooklyn and Dumbo. The property features state-of-the-art designs and finishes; a premier amenity package; and a central location that is easily accessible to nine subway lines, the Atlantic Terminal, Long Island Railroad and lower Manhattan via the Manhattan and Brooklyn Bridges.
Jones Lang LaSalle Americas represented the borrower for the transaction.
