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Efstathios Valiotis Of Alma Realty Secures $92.5M Refinance Loan From Deutsche Bank For Multifamily Asset

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FINANCED
$92,500,000

New York

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MultiFamily
Financed 12/30/2025
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Property Image
FINANCED

Efstathios Valiotis Of Alma Realty Secures $92.5M Refinance Loan From Deutsche Bank For Multifamily Asset

107 10 Shore Front Parkway, 106 20 Shore Front Parkway & 106 10 Shore Front Parkway

See Similar Deals
MultiFamily
Financed 12/30/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Three residential elevator buildings located at 107-10 Shore Front Parkway, 106-20 Shore Front Parkway, and 106-10 Shore Front Parkway in Rockaway Beach, Queens, consisting of a total of 770 multifamily units have undergone refinancing. The transaction was completed with a loan amount of $92,500,000 from Deutsche Bank, which replaced a prior debt of $107.1 million held by Flagstar Bank.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $92,500,000
  • Address: 107-10 Shore Front Parkway, 106-20 Shore Front Parkway & 106-10 Shore Front Parkway
  • Market: Rockaway Beach, Queens
  • Lender: Deutsche Bank
  • Landlord: Efstathios Valiotis - Alma Realty
  • Loan Type: Refinance
  • Units: 770

Efstathios Valiotis of Alma Realty is the key individual associated with the transaction, representing the landlord in the refinance deal. The prior lenders were Flagstar Bank, which held the previous debt prior to this transaction.

Players

Deutsche Bank
Deutsche Bank
LENDER
AR
Alma Realty
LANDLORD

Details

FINANCED
IMAGE: Efstathios Valiotis DATE: 12/30/2025 ADDRESS: 107-10 Shore Front Parkway, 106-20 Shore Front Parkway & 106-10 Shore Front Parkway MARKET: Rockaway Beach, Queens ASSET TYPE: Multifamily ~ UNITS: 770 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: Efstathios Valiotis - Alma Realty LOAN AMOUNT: $92,500,000 LOAN TYPE: Refinance NOTE: Alma Realty’s 106-20 Shorefront Realty LLC refinanced three Rockaway Beach residential elevator buildings totaling 770 units with a $92.5M loan from Deutsche Bank, replacing prior debt of $107.1M held by Flagstar Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$92,500,000.00

Monthly NOI$616,666.67
Monthly Debt Service$584,662.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00