Albert Rabil III Secures $221.4M Refinance From Atlas Capital Group For Hotel In Brooklyn Heights

The transaction involves a hotel asset located at 21 Clark Street in Brooklyn Heights, Brooklyn. The property encompasses a total square footage of 356,000 and is affiliated with the Watermark assisted living facility. The lender for this transaction is Atlas Capital Group, providing financial support through a refinance loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $221,400,000
• Lender: Atlas Capital Group
• Landlord: Albert Rabil III - Kayne Anderson & Invesco
• Loan Type: Refinance

Kayne Anderson and Invesco have successfully secured the refinance loan, signifying their role in managing the financing for the property. Albert Rabil III represents the Landlord in this transaction, consolidating the partnership with Atlas Capital Group for the refinance agreement.