Apr 9, 2025

Apr 9, 2025

Citigroup Refis East Williamsburg Apartments With $88M Loan

Citigroup Refis East Williamsburg Apartments With $88M Loan

A consortium of developers has landed an $88 million loan to refinance a newly completed multifamily asset in East Williamsburg, Brooklyn.Citigroup provided the loan on the 138-unit development at 828 Metropolitan Avenue backed by Joyland Management, the Kubersky family, Prospect Developers, Yoel Hershkowitz, Judy Wolcowitz and Konstantin Gubareff, Commercial Observer can first report.

 A rendering of 828 Metropolitan Avenue, Brooklyn.
 A rendering of 828 Metropolitan Avenue, Brooklyn.
 A rendering of 828 Metropolitan Avenue, Brooklyn.

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.