The Welz Multifamily Community Refinancing
Sector: Residential • Location: Brooklyn, New York, United States
Source: REBusinessOnline
The Welz is a 162-unit multifamily community located in the East Williamsburg area of Brooklyn. The 19-story newly constructed building offers studio, one- and two-bedroom units, with roughly 30 percent of the residences reserved for renters earning between 60 and 130 percent of the area median income. Amenities include a rooftop deck with grilling stations, a fitness center, and package lockers.
- Status
- Closed
- Sector
- Residential, Commercial
- Location
- Brooklyn, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- REBusinessOnline
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Project Information
Participants
| Not available for this record. |
Status
Original status | refinanced |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Welz is a 162-unit multifamily community located in the East Williamsburg area of Brooklyn. The 19-story newly constructed building offers studio, one- and two-bedroom units, with roughly 30 percent of the residences reserved for renters earning between 60 and 130 percent of the area median income. Amenities include a rooftop deck with grilling stations, a fitness center, and package lockers. The project received a $64 million loan for refinancing to retire existing construction debt, cover closing costs, and complete the property's initial lease-up. |
Original sector | Multifamily |
Budget |
Location
Country | United States of America (USA) |
State | New York |
City | Brooklyn |
Source
Source | REBusinessOnline |
URL |
More Details
Record type | Project |
Sector | Residential, Commercial |
Article published date | 2025-11-15 |
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