60 Guilders has acquired 12 MetroTech Center, an office condominium in Downtown Brooklyn for $128 million. The 186,000-square-foot property is located on the first five floors of the 12 MetroTech Center.
Cushman & Wakefield arranged $106 million in acquisition financing through Starwood Property Trust. Gideon Gil, Lauren Kaufman, Steve Kohn and Alex Hernandez secured the funding—a five-year, interest-only loan—on behalf of the borrower. The deal is one of the largest financing transactions in Brooklyn since the beginning of the pandemic, and according to Gil, it is a prime example of the types of office deals lenders are willing to do amid the uncertainty of the pandemic.
The property has creditworthy tenants and long-term leases and strong sponsorship, making it attractive to lenders.
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Kelsi Maree Borland
