Fried, Frank, Harris, Shriver & Jacobson acts as counsel to Extell in $530 million financing for Brooklyn Point

Jonathan Mechanic, Fried,
Frank, Harris, Shriver & Jacobson

Brooklyn, NY Fried, Frank, Harris, Shriver & Jacobson LLP acted as counsel to Extell Development Co. in connection with its $530 million mortgage and mezzanine financing for Brooklyn Point, a 68-story residential tower. The Kohn Pedersen Fox designed condo tower is located at 138 Willoughby St. and includes apartments and 40,000 s/f of indoor and outdoor amenities. It will be the first for sale residential property at City Point.

The Fried Frank team was led by real estate partner Jonathan Mechanic and included real estate partner Avi David Feinberg and real estate associates Alexander Sutherland, Ben Cohen, Gilmar Colonia, and Adam Ezrapour. The financing includes a $425 million senior construction loan handled by M&T Bank and a $105 million mezzanine loan provided by RXR Realty.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.