Kevin McCrain Of Brookfield Properties And Murray Kushner Of Kushner Real Estate Group Secure $125M Refinance Loan For 111 Worth Street In Manhattan

The asset involved in this transaction is a multifamily property located at 111 Worth Street in the Civic Center market of Manhattan. The building comprises 419,639 square feet and contains 331 units. A refinance loan amounting to $125,000,000 has been secured for this property, aimed at replacing a prior $113.9 million Fannie Mae loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $125,000,000
• Address: 111 Worth Street
• Market: Civic Center, Manhattan
• Square Footage: 419,639
• Units: 331
• Lender: Equitable Financial Life Insurance
• Landlord: Kevin McCrain - Brookfield Properties & Murray Kushner - Kushner Real Estate Group
• Loan Type: Refinance

Key individuals involved in the transaction include Kevin McCrain representing Brookfield Properties and Murray Kushner representing Kushner Real Estate Group. Both landlords have collaborated to secure favorable refinancing terms from Equitable Financial Life Insurance for this Manhattan multifamily asset.