Eliot Spitzer’s Spitzer Enterprises took out a $330 million loan to finance construction at its Williamsburg waterfront rental project.
The former New York governor’s firm took out a four-year, interest-only loan of $330 million, originated by Starwood Capital Group, for its three-building 420 Kent Avenue development, according to the Commercial Observer. Commercial Mortgage Alert first reported the news of the financing.
Spitzer is planning a $700 million, 856-unit rental complex at the site. The irregular, metallic Eran Chen-designed buildings will be between 16 and 18 stories tall, and will contain 762,000 square feet of space c上海千花网论坛