Nathan Berman's Metro Loft Finalizes $335M Recapitalization Of 180 Water Street In Financial District
New York
See Similar DealsNathan Berman's Metro Loft Finalizes $335M Recapitalization Of 180 Water Street In Financial District
180 Water Street
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The asset involved in the transaction is a multifamily property located at 180 Water Street in the Financial District. The loan amount finalized for this asset is $335,000,000, categorized as a recapitalization loan. The property is significant within its market, serving as a key asset for the landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $335,000,000
- Address: 180 Water Street
- Market: Financial District
- Landlord: Nathan Berman - Metro Loft
- Brokers: Adam Doneger, Adam Spies, Christopher Kramer, Jordan (Jordy) Roeschlaub & Michael Collins - Newmark
- Equity Partners: 60 Guilders and Sentry Realty (50% equity)
Nathan Berman, representing Metro Loft, has arranged the recapitalization deal with the involvement of new equity partners, marking a significant step in the asset's financing strategy. The arrangement of new debt is also being facilitated by Newmark, highlighting the broker's role in the financial structuring of the transaction.
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