JLL Capital Markets arranged $19 million in financing for the Edifice Portfolio, a collection of five recently rehabilitated multifamily properties located in Brooklyn. Managing director Jillian Mariutti and director John Flynn represented the borrower, Edifice Partners LLC, a woman-owned real estate development firm based in New York City, in securing a loan facility with City National Bank.
The Edifice Portfolio comprises 42 units across five boutique, pre-war multifamily assets located at 431–433 Wythe Ave. and 313 South 4th St. in Williamsburg, and 19–21 Columbia Pl. in Brooklyn Heights. Each property has undergone a comprehensive renovation. The financing supports Edifice’s strategy of stabilizing high-quality multifamily assets in transit-oriented, high-barrier-to-entry markets.
“City National Bank was an excellent lender for this portfolio, offering flexible execution and a deep understanding of both the Brooklyn multifamily market and Edifice’s long-term business plan,” said Mariutti. “We were able to structure a competitive financing solution that aligned with the sponsor’s goals and positioned the portfolio for continued stability and growth.”
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