JPMorgan and GoldenTree Lend $525 Million for Brooklyn Development
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Real Estate:JPMorgan Chase & Co. and GoldenTree Asset Management financed a $525 million construction loan for a development along the Williamsburg waterfront in Brooklyn. The loan will help complete the second phase of Williamsburg Wharf, a project from New York-based developer Naftali Group in partnership with investment firm Access Industries. The 3.75-acre development on 80 Wharf Way will include 363 condos across two luxury residential towers along the East River.