Barings Provides $58M Refi for Bushwick Multifamily Building

A joint venture between Ekstein Development Group and Standard Real Estate Investments secured $58 million from Barings to refinance 1333 Broadway, a 106-unit mixed-income apartment building in Brooklyn (Bushwick/Bedford-Stuyvesant border). JLL arranged the financing. The property includes both market-rate and affordable units and ground-floor retail, and the broader capital stack and operations benefit from tax abatements described in the report. The refinance highlights continued availability of debt for multifamily projects that have reached stabilization or are close to it in well-trafficked New York City submarkets.