Rockabill Secures $22 Million Financing For St. Francis Friends Of The Poor For MultiFamily Assets In Chelsea

Rockabill has secured $22 million in financing for St. Francis Friends of the Poor, a nonprofit that pioneers permanent supportive housing in New York City. The loan is for the properties located at 125 East 24th Street, 155 West 22nd Street, and 148 Eighth Avenue in the Chelsea market.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $22,000,000
• Address: 125 East 24th Street, 155 West 22nd Street, 148 Eighth Avenue
• Market: Chelsea

Katie Devine and Christina Byrne, representing Rockabill and St. Francis Friends of the Poor respectively, were instrumental in finalizing this financing deal. They ensured that the nonprofit organization received the necessary funds to continue providing permanent supportive housing in the city.