Naftali Group, Access Industries Close On $385 Million Construction Loan For 470 Kent Avenue In Williamsburg
Amount Raised
$385 Million
Round Type
Debt Financing
New YorkReal EstateInvestors
Description
Naftali Group, a leading privately held global real estate development and investment firm based in New York, which is partnering with Access Industries, a U.S.-based industrial group with global strategic investments, today announced a significant construction loan for the transformative Williamsburg waterfront development at 470 Kent Avenue. Together, the firms have closed on a $385 million construction financing package for the Brooklyn property, which will include three buildings reaching as tall as 22 stories at 470 Kent Avenue with approximately more than 645,000 square feet of space and 561 total units between them, as well as approximately 19,000 square feet of commercial space across all buildings. The project broke ground already and is estimated to be completed in 2025.
Quick answer
NAFTALI GROUP raised $385 Million in a Debt Financing round, dated November 17, 2022. Investors: Access Industries. NAFTALI GROUP is based in New York, United States.
- How much did NAFTALI GROUP raise?
- NAFTALI GROUP raised $385 Million in a Debt Financing round on November 17, 2022.
- Who invested in NAFTALI GROUP?
- Access Industries is named as investors in this round.
- What does NAFTALI GROUP do?
- Naftali Group, a privately held global real estate development and investment firm based in New York City, has a prestigious track record, having led some of the most significant developments and landmark restorations.
- Where is NAFTALI GROUP based and how big is it?
- NAFTALI GROUP is based in New York, United States.
Source: Fundz verified event record.
Who else raised in Real Estate around the same time
Companies in the same sectors as NAFTALI GROUP that raised within 45 days of this round, from Fundz verified event records.
- Get Sojo raised $6.2M on December 27, 2022.
- Delos Living raised $26M (Seed) on December 21, 2022.
- BlocPower raised $24M on December 21, 2022.
- Carter raised $2.1M (Seed) on December 20, 2022.
- Comstock raised $3.1M on December 16, 2022.
- Continuum™ raised $36M (Funding Round) on December 13, 2022.
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NAFTALI GROUP raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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