Southern Land Company Secures $62.5 Million Refinance Loan For Carlow Wind Watch Multifamily Property

The property asset involved in this transaction is a multifamily building located at 1721 Motor Parkway in Hauppauge, encompassing a total square footage of 193,095 and comprising 150 units. The transaction involved a refinance of $62,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,500,000
• Address: 1721 Motor Parkway
• Market: Hauppauge
• Units: 150
• Square Footage: 193,095
• Lender: Affiliates of Apollo Global Management
• Landlord: Southern Land Company
• Brokers: Aaron Niedermayer & Robert Tonnessen - JLL
• Loan Type: Refinance

This transaction features key individuals including brokers Aaron Niedermayer and Robert Tonnessen from JLL, who represented the landlord, Southern Land Company, in the refinancing deal with affiliates of Apollo Global Management as the lender.