Apollo Provides $114M Construction Loan For Multifamily Development In New York City

A $114,000,000 construction loan has been secured for a multifamily property located at 140 Jane Street in New York City. The property spans 101,000 square feet and consists of 15 units. The loan was provided by Apollo, with Mark Rowan representing the lender. The landlord of the property is Aurora Capital Associates, represented by Bobby Cayre. The transaction was facilitated by brokers Jordan Roeschlaub and Dustin Stolly from Newmark.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $114,000,000
• Square Footage: 101,000
• Number of Units: 15
• Lender: Apollo - Mark Rowan
• Landlord: Aurora Capital Associates - Bobby Cayre
• Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark

The individuals and companies involved in this deal are crucial to its success. Mark Rowan, representing Apollo, played a significant role as the lender. Bobby Cayre, representing Aurora Capital Associates, acted as the landlord of the property. Jordan Roeschlaub and Dustin Stolly, from Newmark, served as the brokers who facilitated the transaction. Their expertise and negotiation skills contributed to the successful securing of the construction loan.