Fortress Investment Group Provides $50.5M Refinance Loan For Mixed-Use Properties In Manhattan & Brooklyn

The mixed-use property located at 143 Noble Street, 420 Seventh Avenue, 426 Seventh Avenue, 428 Seventh Avenue, 368 Court Street, 475 Sixth Avenue, 1501 Eighth Avenue, 159 Newel Street, 231 Sullivan Street, 235 Sullivan Street, 164 First Avenue, and 53-55 Stone Street in Manhattan and Brooklyn was involved in a refinance loan transaction.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $50,500,000
• Lender: Fortress Investment Group
• Landlord: Meadow Partners & David Lloyd & Sean Lefkovits
• Brokers: Mo Beler, David Lloyd, Adam Schwartz, Sean Lefkovits, and Sean Reimer
• Loan Terms: 3.5% Rate for 3 Years of Interest Only

The loan, provided by Fortress Investment Group, allowed for the refinancing of the mixed-use property. The landlords involved in the transaction were Meadow Partners and Davean Holdings represented by David Lloyd and Sean Lefkovits. The brokers who facilitated the deal were Mo Beler, David Lloyd, Adam Schwartz, Sean Lefkovits, and Sean Reimer from Walker Dunlop.

Notably, one of the individuals involved in the transaction, Sean Lefkovits, purchased a Bored Ape for 94 ETH one month prior to the partnership announcement with Adidas. Bored Pizza, a rare trait, adds to the unique features of the property.