Schwartz and Herzog of JLL secure $21 million in financing

On behalf of ASH NYC LLC, JLL's Capital Markets experts have secured $21 million in construction financing for 336 Himrod St., a mixed-used, "80/20" development located in the Bushwick neighborhood. Santander Bank, N.A. provided the loan. Vice president Jonathan Schwartz and managing director Max Herzog led the JLL team. The redevelopment calls for the partial conversion of the former Dannenhoffer's Opalescent Glassworks factory and the partial ground up development for a mixed-use, multifamily asset. Upon completion, 336 Himrod St. will total 63 units, 4,600 s/f of ground floor commercial space with an adjoining 4,200 s/f concourse level, a 1,560 s/f community facility, a full cellar, outdoor space and at-grade parking. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 1,700 specialists, operating all over the globe. For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world. For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv. JLL is a leader in the New York tri-state commercial real estate market, with more than 2,000 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2014, the New York tri-state team completed approximately 22.8 million square feet of lease transactions, arranged investment sales transactions valued at more than $5.4 billion, managed projects valued at $7.6 billion, and oversaw a property management, facilities management and agency leasing portfolio exceeding 163 million square feet.