Revere Capital Provides $23.5M Loan For Multifamily Property In Union Square

An article on a closed property transaction in Union Square involving a multifamily asset has been unveiled. The property, located at 16 East 18th Street, attracted attention due to a loan amounting to $23,500,000. The loan was provided by Revere Capital, while Stone Street Properties acted as the landlord. Representing the deal were Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm from Newmark Knight Frank.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,500,000
• Lender: Revere Capital
• Landlord: Stone Street Properties
• Brokers: Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm from Newmark Knight Frank

The deal was finalized on November 13, 2018, and the property showcases promising potential in the vibrant Union Square market. The involved brokers, Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm, demonstrated their expertise and negotiation skills in successfully facilitating the transaction.