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Ares Management Provides $450 Million Refinance Loan For Brooklyn Multifamily Asset The Riverie

Property Image
FINANCED
$450,000,000
Peter Griesinger
Tom Rugg
+ 2

New York

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MultiFamily788,000 SF
Financed 02/05/2026
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FINANCED

Ares Management Provides $450 Million Refinance Loan For Brooklyn Multifamily Asset The Riverie

18 India Street

See Similar Deals
MultiFamily788,000 SF
Financed 02/05/2026
Peter Griesinger
Tom Rugg
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$571
Total Square Footage:788,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily residential building located at 18 India Street, known as The Riverie, situated in the Brooklyn market. The asset encompasses a total square footage of 788,000 and contains 834 residential units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $450,000,000
  • Loan Amount: $450,000,000
  • Loan Type: Refinance
  • Address: 18 India Street - The Riverie
  • Market: Brooklyn
  • Lender: Ares Management
  • Landlord: Tony Lombardo, Lendlease & Aware Super
  • Landlord's Representatives: Thomas Traynor, Tom Rugg, Peter Griesinger & Arman Samouk - CBRE

The deal involves key figures including the landlord Tony Lombardo, who is associated with Lendlease and Aware Super. The landlord's representatives are noted for their role in the transaction, consisting of Thomas Traynor, Tom Rugg, Peter Griesinger, and Arman Samouk from CBRE.

Players

Thomas (Tom) Traynor
39 deals$15B volume
BROKER

Peter Griesinger
CBRE
8 deals$2.1B volume(212) 656-0587
BROKER

Tom Rugg
CBRE
22 deals$8.2B volume(212) 984-8112
BROKER

Arman Samouk
CBRE
6 deals$2.8B volume(212) 895-0953
BROKER

Details

FINANCED
IMAGE: Thomas Traynor, Tom Rugg, Tony Lombardo, Arman Samouk & Peter Griesinger DATE: 2/6/2026 ADDRESS: 18 India Street - The Riverie MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 788,000 ~ UNITS: 834 LENDER: Ares Management LANDLORD: Tony Lombardo - Lendlease & Aware Super LANDLORD'S REP: Thomas Traynor, Tom Rugg, Peter Griesinger & Arman Samouk (@ArmanSamouk) - CBRE (@CBRE) LOAN AMOUNT: $450,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$450,000,000.00

Monthly NOI$3,000,000.00
Monthly Debt Service$2,844,306.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00