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From left: Eliot Spitzer, 420 Kent Avenue, Two Trees Management’s Jed Walentas and 300 Ashland Place in Brooklyn (Photos via Getty; ODA Architecture, 300 Ashland)
While outer-borough loan activity in November fell short of October’s nearly $2 billion, it was an improvement over previous months. In total, the total volume of the top 10 loans was $1.34 billion a big increase over the $494 million in activity in September.
The largest loan was a $298 million refinancing deal for Eliot Spitzer’s massive development at 420 Kent Avenue in Williamsburg, followed by a $193.9 million loan for Two Trees Management’s rental building at 300 Ashland Place in Fort Greene.