Rick Gropper Of Camber Property Group Secures $48.5 Million Refinance Loan For The Strand Multifamily

The asset involved in this transaction is a multifamily property located at 176 Woodward Avenue in the Ridgewood market. This property encompasses a total square footage of 101,000 and consists of 132 individual units. The loan amount for the refinancing of this property is set at $48,500,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $48,500,000
• Address: 176 Woodward Avenue
• Market: Ridgewood
• Asset Size: 101,000 SF
• Units: 132
• Lender: Adam Siper – Ladder Capital
• Landlord: Rick Gropper - Camber Property Group
• Broker Representatives: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, Jason Schwartzberg - Walker & Dunlop
• Loan Type: Refinance

This transaction involves key individuals such as Adam Siper from Ladder Capital, serving as the lender, and Rick Gropper from Camber Property Group, acting as the landlord. The deal was facilitated by an extensive team of broker representatives from Walker & Dunlop, including Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, and Jason Schwartzberg.