Hawkins Way Capital signs $76.3M refi for Brooklyn Heights dorms

Hawkins Way Capital through the entity 119 Columbia Heights LLC as borrower signed a refi loan with lender Goldman Sachs and Wells Fargo valued at $76.3 million for dormitory space at 97 Columbia Heights and 119 Columbia Heights in Brooklyn Heights, Brooklyn.
The deal closed on November 14, 2025 and was recorded on November 24, 2025. The prior lender was CIM Group which held debt that had an original loan amount of $69 million. The four dormitory condominium units have 99,303 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $768 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Hawkins Way Capital was Joshua Bird and Anita Delshad . The signatory for Goldman Sachs and Wells Fargo was Siddharth Shrivastava and Jeffrey L. Cirillo .

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 97 Columbia Heights.

The property

The hotel condo in Brooklyn Heights has 99,303 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 51,605 square feet.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Brooklyn Heights, The bulk, or 26 percent of the 12.1 million square feet of commercial built space are office buildings, with elevator buildings next occupying 23 percent of the space. In sales, Brooklyn Heights has 2 times the average sales volume among other neighborhoods with $600.7 million in sales volume in the last two years and is the 10th highest in Brooklyn. For development, Brooklyn Heights has had very little major development activity relative to other neighborhoods.It had 1.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On the tax block of 97 Columbia Heights, PincusCo has identified the owners of two of the two commercial properties representing 11,583 square feet of the 11,583 square feet. The two identified owners are Julie Kampman and Michiko Neufeld.
There are no active new building construction projects on this tax block.

All properties are walkup.

The borrower

The PincusCo database currently indicates that Hawkins Way Capital owned at least five commercial properties with six residential units in New York City with 677,375 square feet and a city-determined market value of $184.6 million. (Market value is typically about 50% of actual value.) The portfolio has $544.7 million in debt, with top three lenders as Standard Chartered Bank, Series 2018-C6, and G4 Capital Partners respectively. Within the portfolio, the bulk, or 81 percent of the 677,375 square feet of built space are hotel properties, with H8 properties next occupying 13 percent of the space. The bulk, or 82 percent of the built space, is in Manhattan, with Brooklyn next at 18 percent of the space.

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