Deutsche Bank Provides $145M Refinance Loan For Multifamily Building At 180 Broome St. Lower East Side

The Artisan at Essex Crossing, located at 180 Broome St. in the Lower East Side, is a multifamily property with 263 units. The property spans 233,000 square feet and is owned by Taconic Partners, L+M Development, BFC Partners, and Goldman Sachs. The loan, totaling $145,000,000, was secured from Deutsche Bank for the purpose of refinancing the property. The transaction took place on June 9, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $145,000,000
• Address: 180 Broome St.
• Market: Lower East Side
• Square Footage: 233,000
• Units: 263

The brokers involved in the deal were Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Mo Beler, and Sean Reimer from Walker & Dunlop. They represented the parties involved in the transaction. It is worth noting that Taconic Partners, L+M Development, BFC Partners, and Goldman Sachs acted as the landlords in this deal.