Naftali and Access Real Estate Close on $374M Refi for Phase I of Williamsburg Wharf

Naftali Group and Access Real Estate have closed on a $374.35-million refinancing for Phase I of Williamsburg Wharf, Naftali’s 3.75-acre master-planned development along Williamsburg’s East River shoreline. The refinancing was provided by Barings.

Walker & Dunlop Institutional Advisory, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Ari Hirt, and Stanley Cayre, arranged the transaction.

Since opening to residents last summer, Two, Three, and Four Williamsburg Wharf, the development’s luxury rental offerings, have already reached more than 90% leased across more than 500 apartments. One Williamsburg Wharf, the project’s first luxury condominium offering, also opened to residents last year, with a limited number of residences remaining.

“Williamsburg Wharf offers truly unprecedented waterfront living in New York City, and we’re thrilled to see our vision come to life and to see how quickly renters and buyers have embraced it,” said Miki Naftali, CEO and chairman of Naftali Group.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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