Rubin Schron's Cammeby's Secures $173.1 Million Refinance Loan From Newpoint Real Estate Capital

The property asset involved in the transaction is a multifamily building located at 175 East 96th Street in the Carnegie Hill market. The asset has a total square footage of 509,000 and consists of 522 units. The loan amount for this refinancing transaction is $173,136,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $173,136,000
• Lender: Newpoint Real Estate Capital
• Landlord: Rubin Schron - Cammeby's
• Brokers: Matt Texler - Meridian Capital Group
• Loan Type: Refinance
• Date: 6/16/2025

This transaction marks Meridian Capital Group's official reentry into the agency brokering space, closing its first agency transaction since 2023. The successful refinance for The Monterey indicates a strategic shift for the company, supported by improved processes and a strong pipeline of deals. This transaction signifies the beginning of a new chapter for the brokerage firm.