Slate Real Estate Capital, the private credit arm of Slate Asset Management, has successfully closed a $59 million senior loan facility for Ohana Real Estate Investors. The purpose of this funding is to refinance The Tillary Hotel and Residences located in Brooklyn, New York. This 12-story property boasts a 174-room hotel and a 64-unit multifamily residential component. Ohana is an integrated investment firm that specializes in equity and debt investments within the hospitality and residential sectors.
The borrower was represented by Mark Fisher and Barnett Wu from JLL during this transaction.
This news highlights Slate’s continued success in providing financial solutions for real estate projects across various industries.
