**JLL Arranges $19M Loan Facility for Brooklyn Multifamily Portfolio**
JLL Capital Markets has secured $19 million in financing for the Edifice Portfolio, a collection of five recently renovated multifamily properties located in Brooklyn, New York. The loan facility was arranged on behalf of Edifice Partners LLC, a woman-owned real estate development firm headquartered in New York City. The financing was provided by City National Bank.
The portfolio includes 42 residential units distributed across five pre-war boutique buildings. These properties are located at 431–433 Wythe Avenue and 313 South 4th Street in Williamsburg, as well as 19–21 Columbia Place in Brooklyn Heights. Each asset has undergone comprehensive renovations aimed at modernizing interiors and upgrading building systems.
Jillian Mariutti, Managing Director, and John Flynn, Director, led the JLL team representing Edifice Partners in the transaction.
“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.”
The financing supports Edifice Partners’ broader strategy of acquiring and stabilizing high-quality multifamily properties in transit-oriented, high-barrier-to-entry neighborhoods throughout New York City.
