Nathan Berman's Metro Loft Finalizes $335M Recapitalization Of 180 Water Street In Financial District

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.