May 13, 2025

May 13, 2025

BMO Provides $35M Refi for Williamsburg Multifamily Portfolio

BMO Provides $35M Refi for Williamsburg Multifamily Portfolio

Flatiron Real Estate Advisors has landed a $34.8 million loan to refinance a 12-property multifamily portfolio in Williamsburg, Brooklyn, Commercial Observer has learned.Bank of Montreal (BMO) supplied the loan, which retires past debt from the portfolio’s previous lender, Oritani Bank, which was acquired by Valley National Bank in 2019. The 92 apartments in the 12 buildings are a mix of free-market and rent-controlled units acquired by Flatiron in 2005.

21 Judge Street, Brooklyn, one of the apartment buildings in the 12-property multifamily portfolio
21 Judge Street, Brooklyn, one of the apartment buildings in the 12-property multifamily portfolio
21 Judge Street, Brooklyn, one of the apartment buildings in the 12-property multifamily portfolio

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.