RFR Holding Modifies $45M Loan With Blackstone Group For Retail Condos In Manhattan

The property involved in this transaction is a condo located at 188 East 78th Street, Lenox Hill, Manhattan. The asset encompasses a total square footage of 21,581. A loan amount of $45,000,000 was modified in this transaction.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $45,000,000
• Lender: Stephen A. Schwarzman - Blackstone Group
• Landlord: Frank Mangieri, Aby Rosen & Michael Fuchs - RFR

This deal also involved RFR Holding, which modified a $45 million loan with Blackstone Group in connection with two retail condos at the specified address. This modification effectively ended a pre-foreclosure action that had been filed in December 2024.