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Naftali, Blavatnik land $385M for big Williamsburg resi project

2 monthes ago   |   By The Real Deal New York

Miki Naftali and Len Blavatnik scored $385 million in construction financing for their expansive residential project on the Williamsburg waterfront. Naftali Group and Blavatnik's Access Industries scored a $310 million senior loan from Arkansas-based Bank OZK along with $75 million in mezzanine financing from Barings, the investment arm of MassMutual, for the three-building, 561-unit project at 470 Kent Avenue. Two of the buildings will be rental apartments while a third will contain condos. A Walker
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