Brookfield Asset Management provided a $370 million bridge loan with a three-year term to fund Society Brooklyn in Gowanus. JLL’s Capital Markets group arranged the financing on behalf of Property Markets Group and The Carlyle Group, securing debt for the project’s construction and initial leasing phase.

Society Brooklyn consists of two towers offering 517 units across 455,666 square feet, including 385 market-rate and 132 affordable apartments. The development also features 57,288 square feet of retail and commercial space, extensive amenities and waterfront access along the Gowanus Canal.

This financing underscores Brookfield’s active deployment in urban residential lending and supports the Gowanus neighborhood’s multi-billion-dollar transformation. The bridge loan enhances Brookfield’s real estate credit portfolio while tapping into demand for mixed-income, family-sized housing in Brooklyn.