TF Cornerstone lands $266M loan for DoBro rental building

Loan for 33 Bond Street comes from M&T Realty Capital

New York /
Jul.July 02, 2018 04:42 PM

Tom and Fred Elghanayan and 33 Bond Street (Credit: TF Cornerstone)

TF Cornerstone has landed a loan for $265.7 million from M&T Realty Capital Corporation for its luxury rental building at 33 Bond Street in Downtown Brooklyn.

M&T will assume the existing $250 million mortgage on the property and provide $15.7 million in new financing, according to property records.

Representatives for M&T and TF Cornerstone did not immediately respond to requests for comment.

The Bond Street building contains 714 residential units and spans almost 600,000 square feet. The entertainment company behind Chelsea Piers leased 52,000 square feet at the property last summer for a new fitness club.

Yoel Goldman’s All Year Management and Joel Gluck’s Spencer Equity landed a $117.5 million loan for their Downtown Brooklyn rental building at 436 Albee Square last month.


Related Articles

arrow_forward_ios
(Getty, Photo Illustration by The Real Deal)
Retail had its reckoning. Will subleases flood the market?
Retail had its reckoning. Will subleases flood the market?
Opendoor CEO Eric Wu (Opendoor, iStock/Illustration by Alexis Manrodt for The Real Deal)
Opendoor revenue plunged 45% in 2020
Opendoor revenue plunged 45% in 2020
CoStar CEO Andy Florance
CoStar retreats from failed CoreLogic bid
CoStar retreats from failed CoreLogic bid
Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
Ascena restructuring approved post-bankruptcy
Ascena restructuring approved post-bankruptcy
Jimmy Fallon and Nanvy Juvonen with their penthouse at 34 Gramercy Park East (Photos via Getty/Sotheby's Jeremy V. Stein and Debbie Korb)
Jimmy Fallon lists Gramercy Park penthouse for $15M
Jimmy Fallon lists Gramercy Park penthouse for $15M
In 2018, a Brookings Institution study found homes in majority-Black neighborhoods were undervalued by $48,000 on average. (iStock)
Appraisal Institute taking steps to root out racial bias
Appraisal Institute taking steps to root out racial bias
Jennifer Kalish was Elliman's top individual broker, while Holly Parker led the top team in Manhattan. (Douglas Elliman)
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Apollo Global Management will take over craft retailer Michaels in a deal that values the company at $3.3 billion. (Wikipedia Commons, iStock)
Craft retailer Michaels to go private in $5B deal
Craft retailer Michaels to go private in $5B deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...