Ofer Yardeni Of StonehengeNYC Secures $54M Refinance Loan For 115-Unit MultiFamily In Greenwich Village

This transaction involves a 115-unit multifamily asset located at 10 Downing Street in Greenwich Village, Manhattan. The building has recently undergone a refinancing process. The loan amount secured for this asset is $54,000,000, which serves to replace the existing debt of $57.3 million held with Flagstar Bank.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $54,000,000
• Address: 10 Downing Street
• Market: Greenwich Village, Manhattan
• Lender: J.P. Morgan Chase
• Landlord: Ofer Yardeni - StonehengeNYC
• Previous Lender: Flagstar Bank

Ofer Yardeni, representing Stonehenge NYC's SP 10 Downing LLC, has successfully refinanced the multifamily elevator building with J.P. Morgan Chase, resulting in the replacement of its prior loan obligations.