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Savanna closes on $264M construction loan for 141 Willoughby


Savanna has completed the construction financing of the 141 Willoughby Street development project in downtown Brooklyn, the firm announced.
Savanna secured $264 million of debt financing from lenders including funds managed by CarVal Investors.  With official groundbreaking completed in late 2020, Savanna is building a state-of-the-art, WELL Certified 400,000 s/f office and retail building designed by Fogarty Finger with SLCE Architects as executive architect.
“Assembling construction financing for a major ground-up commercial development is a significant feat in the best of times, and to do so successfully during an unprecedented pandemic reaffirms our belief in the 141 Willoughby vision and Savanna’s commitment to New York City,” said Cooper Kramer, Managing Director at Savanna.  ....

New York , United States , Mark Osher , Aaron Niedermayer , Kellogg Gaines , Cooper Kramer , Brian Kniesly , Charlie Weiss , Eric Steiglitz , Sabina Jacobs , Dunn Crutcher , Danielle Ash Of Duval Stachenfeld , Gilbane Building Company , York City Economic Development Corporation , New York City , Managing Director , Willoughby Square Park , New York City Economic Development Corporation , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கெலோக் ஆதாயங்கள் , கூப்பர் கிராமர் , சார்லி வெயிஸ் , டன் கிருட்சேர் , யார்க் நகரம் பொருளாதார வளர்ச்சி நிறுவனம் , புதியது யார்க் நகரம் ,