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Carmel Partners Lands $233M for 569-Unit Brooklyn Development 

San Francisco-based real estate developer Carmel Partners has secured a $233 million construction financing for 54 Crown, a 569-unit multi-housing project in Crown Heights, Brooklyn. Goldman Sachs Asset Management’s Urban Investment Group provided the financing. 

The JLL Capital Markets Advisory team, led by Christopher Peck, Geoff Goldstein, Nicco Lupo, and Rob Hinckley, facilitated the deal. “We are thrilled to have completed this transaction with a strong sponsor, who is committed to bringing much-needed housing to the Brooklyn market and has proven its ability to successfully deliver exceptional homes in high barrier-to-entry locations,” said Peck. 


Inside The Story

Christopher PeckNicco Lupo

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.

  • ◦Financing
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