Naftali, Blavatnik snag $374M refi for Williamsburg Wharf 
More money is flowing towards Williamsburg Wharf, Miki Naftali and Len Blavatnik’s master-planned project along the Brooklyn waterfront. Naftali Group and Blavatnik’s Access Industries secured a $374 million refinancing from Barings, the investment arm of MassMutual. The loan is going towards the project’s first phase, which includes 89 condos, over 500 apartments and 15,000 square feet of retail space spread across three residential towers. In 2022, the project received a $310 million senior loan from Arkansas-based Bank OZK and $75 million in mezzanine financing from Barings. Two years later, the developers tacked on another $238 million loan from Bank OZK. […]
This article originally appeared on The Real Deal. Click here to read the full story.
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