Apollo Global Management Provides $150M Financing For Multifamily Property In Manhattan

The 416-unit apartment property at 116 John Street in lower Manhattan has received $150 million of senior mortgage financing. The loan was provided by Athene Annuity & Life Co and Apollo Global Management, as two affiliates of Apollo Global Management collaborated to finance the property.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $150,000,000
• Address: 116 John Street
• Market: Manhattan
• Lender: Athene Annuity & Life Co; Apollo Global Management
• Landlord: Marty Burger - Silverstein Properties

Marty Burger, the landlord of the property at 116 John Street, partnered with Silverstein Properties in securing the $150 million senior mortgage financing. The lenders involved in the transaction, Athene Annuity & Life Co along with Apollo Global Management, worked together to provide the necessary funding for this multifamily asset located in Manhattan.