Lightstone gets $113m in refinancing for 365 Bond Street

Goldman Sachs approved a $113m refinancing package for the Lightstone Group. The funding will be used to retire a $120m construction loan originated by Square Mile Capital Management in May 2017, about one year after the property, 365 Bond Street, welcomed its first residents. Located in Brooklyn’s Boerum Hill-Gowanus submarket, the 429-unit property has 86 units which are classified as affordable. Currently 99 percent leased, the 12-story building includes roughly 40,000 sq ft of amenity space, which includes a fitness center, playroom, rooftop deck and a 193-space parking garage.