The Moinian Group Secures $240 Million Refinance Loan For Mixed-Use Asset In Financial District

The property located at 7 Platt Street in the Financial District is a mixed-use asset comprising 250 units with a key number of 172. The loan amount secured for this property is $240,000,000, facilitated through a refinance loan type with terms structured as 2 + 1 + 1 + 1.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $240,000,000
• Address: 7 Platt Street
• Market: Financial District
• Units: 250
• Key: 172
• Lender: Tony Fineman & Eric Ramirez - Acore Capital
• Landlord: Joe Moinian, Matthew Moinian & Michael Zarifpour - The Moinian Group
• Brokers: Drew Anderman & AJ Bruno - CBRE

The transaction involved key participants including Tony Fineman and Eric Ramirez representing Acore Capital as the lenders, while Joe Moinian, Matthew Moinian, and Michael Zarifpour represented The Moinian Group as the landlords. The brokerage efforts were led by Drew Anderman and AJ Bruno from CBRE, facilitating the refinance deal.