Crestline Management, L.P. ("Crestline") is excited to announce the close of a $15.4 million senior secured bridge loan alongside Four Leaf Partners (“Four Leaf”) to Double U Development ("Double U"), a Brooklyn-based real estate developer, to refinance a retail and apartment building on North 6th Street a high-foot traffic shopping street in Williamsburg, Brooklyn, one of New York’s busiest shopping streets. Proceeds will help Double U finish converting the ground floor into a retail space, which will be leased up to leading national retail brands. Four Leaf will service the loan throughout the process.
"North 6th Street in Williamsburg is one of New York's strongest retail blocks, with this property's location and diversified mixed-use income strengthening our conviction here," said Seb Trujillo, Vice President at Crestline.
"Crestline understood the neighborhood and what we were building here from day one, making them the right partner for this project," said Michael Weitzman, Founder & CEO of Double U Development.
About Crestline Management, L.P.
Crestline is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $17.5 billion of credit assets under management (as of December 31, 2025) including its capital solutions, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Double U Development
Double U Development is a Brooklyn-based real estate development firm founded by Jay and Michael Weitzman, focused on transforming Williamsburg and Greenpoint properties into mixed-use residential and retail buildings. For more information, visit www.dureny.com.
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