Cases & Deals

Wells Fargo provides financing for One Flatbush Avenue multifamily development in Brooklyn, New York

Client(s) Wells Fargo Bank, National Association

Jones Day represented Wells Fargo Bank, National Association, as lender, in connection with a $110 million senior and mezzanine financing to develop One Flatbush Avenue in Brooklyn, New York. The 19-story, 170,000-square-foot development will contain 157 apartment units and 24,500 square feet of retail space across the two bottom floors. Of the apartments, 125 units will be market-rate, and the remaining 32 will be affordable housing.