NEW YORK CITY—Michael Stern’s JDS Development received $664.1 million in construction financing for its residential skyscraper at 9 Dekalb Ave. in Brooklyn. Otéra Capital Inc. and Silverstein Capital Partners provided the loan for the multifamily rental tower, which will be the tallest building in the borough at 1,066 feet high. The building is scheduled to be completed in 2022.

A JLL team led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, Mark Fisher, Matthew Collins and Sean Bastian negotiated the financing.