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New York & Tri-State  + Outer  + Apartments  |  May 28, 2024
Emily Fu
By: Emily Fu

First Citizens Bank Provides $74M for BK MF Building 

First Citizens Bank announced its Commercial Real Estate division provided a $74 million senior secured loan to Lonicera Partners for a 23-story, Class A multifamily building at 310 Livingston Street in Downtown Brooklyn. The building comprises 160 luxury apartments and over 8,600 square feet of ground-floor retail and amenity space. 

“We were delighted to again work with Lonicera to support their growing portfolio of strategic multifamily projects,” said Ted Dalton, a managing director with First Citizens Commercial Real Estate. “310 Livingston Street is a valuable asset in Lonicera’s portfolio given its location in the high-growth area of Downtown Brooklyn, as well as the convenience and state-of-the-art amenities it offers to its residents.” 

Lonicera Partners, founded in 2010, specializes in residential developments in Downtown Brooklyn. First Citizens Commercial Real Estate focuses on senior secured financing for single properties, property portfolios, and loan portfolios. 

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Inside The Story

Ted Dalton

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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