JPMorgan and GoldenTree Lend $525 Million for Brooklyn Development

Phase 1 of Williamsburg Wharf.Source: Naftali Group

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By Paulina Cachero

December 18, 2025 at 7:36 PM UTC

Updated on

December 18, 2025 at 10:10 PM UTC

JPMorgan Chase & Co. and GoldenTree Asset Management financed a $525 million construction loan for a development along the Williamsburg waterfront in Brooklyn.

The loan will help complete the second phase of Williamsburg Wharf, a project from New York-based developer Naftali Group in partnership with investment firm Access Industries. The development on 80 Wharf Way will include 363 condos across two luxury residential towers along the East River.