Nathan Berman Of Metro Loft Management Secures $280 Million Loan From Deutsche Bank For 180 Water St

The asset involved in this transaction is a multifamily property located at 180 Water Street in Manhattan, consisting of 580 units. The property was recapitalized with a loan amount of $280,000,000, which serves as a senior loan from Deutsche Bank. The transaction involves the retirement of $365,000,000 in maturing debt, which includes a discounted mezzanine payoff.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $280,000,000
• Address: 180 Water Street
• Market: Manhattan
• Lender: Deutsche Bank
• Landlord: Nathan Berman - Metro Loft Management
• Units: 580
• Loan Type: Recapitalization

Key individuals involved in this transaction include Nathan Berman, who operates under Metro Loft Management, representing the landlord's interests in this deal. The recapitalization process addresses the financial needs of the property while effectively managing existing debt obligations.