Gordon Property Group Secures $50M Refinance Loan From M&T Realty Capital For 56-Unit Multifamily

The property involved in this transaction is a multifamily asset located at 152 East 87th Street in Carnegie Hill, Manhattan. This luxury building comprises 56 units and has been refinanced for a total loan amount of $50,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Lender: Michael Edelman - M&T Realty Capital Corporation
• Landlord: Allan Gordon - Gordon Property Group
• Loan Type: Refinance
• Market: Carnegie Hill, Manhattan

The transaction was secured by Gordon Property Group, which obtained a Freddie Mac-backed loan from M&T Realty Capital Corporation to refinance the Alyn, a notable multifamily building in Manhattan’s Carnegie Hill area.