Gordon Property Group Secures $50 Million Refinance Loan From Robert Barry Of M&T Realty Capital

The asset involved in this transaction is a multifamily property located at 152 East 87th Street in the Carnegie Hill neighborhood of Manhattan. The property consists of 56 units and is a candidate for refinancing. The loan amount secured in this transaction is $50,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Lender: Robert Barry - M&T Realty Capital Corporation
• Landlord: Gordon Property Group
• Loan Type: Refinance

This transaction was characterized by a highly competitive refinance opportunity, with M&T Realty Capital Corporation emerging as the successful lender among various life companies and debt funds. Freddie Mac played a role in providing a competitively priced fixed-rate loan, reflecting its capacity to compete in the Class-A apartment segment.