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Rockrose Development Secures $80 Million Refinance Loan From AXA IM Alts For West Village Multifamily

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FINANCED
$80,000,000

New York

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MultiFamily94,000 SF
Financed
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FINANCED

Rockrose Development Secures $80 Million Refinance Loan From AXA IM Alts For West Village Multifamily

110 Horatio Street

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MultiFamily94,000 SF
Financed
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$851
Total Square Footage:94000 SF
Transaction Type:Loan

The property asset involved in this transaction is located at 110 Horatio Street in the West Village market. It is a multifamily property consisting of 94,000 square feet and comprising 152 units. The transaction represents a refinance loan amounting to $80,000,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $80,000,000
  • Address: 110 Horatio Street
  • Market: West Village
  • Asset Size: 94,000 square feet
  • Units: 152
  • Lender: AXA IM Alts
  • Landlord: Rockrose Development
  • Brokers: Steven Klein & Geoff Goldstein - JLL
  • Loan Type: Refinance

Key individuals involved in the transaction include the landlord, Rockrose Development, and the brokers, Steven Klein and Geoff Goldstein from JLL, who facilitated the loan process with AXA IM Alts. The combination of these entities contributed to the successful refinancing of the multifamily asset.

Players

Geoff Goldstein
54 deals$7.9B volume
BROKER

Steven (Steve) Klein
JLL
52 deals$4B volume(212) 632-1838
BROKER

Rockrose Development
LANDLORD

Details

FINANCED
IMAGE: Geoff Goldstein & Steven Klein DATE: 04/14/2025 ADDRESS: 110 Horatio Street MARKET: West Village ASSET TYPE: Multifamily ~ SF: 94,000 ~ UNITS: 152 LENDER: AXA IM Alts LANDLORD: Rockrose Development (@RockroseNY) BROKERS: Steven Klein & Geoff Goldstein - JLL (@JLL) LOAN AMOUNT: $80,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$80,000,000.00

Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00