facebook
Traded Co logo
Submit
Daily limit: 0/10

Paul Stallings Secures $50M Refinance Loan From Jeffrey Weidell For 174-Unit Multifamily In Manhattan

Property Image
FINANCED
$50,000,000

New York

See Similar Deals
MultiFamily
Financed 01/31/2025
the dealplayerscompscontact
Property Image
FINANCED

Paul Stallings Secures $50M Refinance Loan From Jeffrey Weidell For 174-Unit Multifamily In Manhattan

190 East 7th Street

See Similar Deals
MultiFamily
Financed 01/31/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is a 174-unit multifamily residential building located at 190 East 7th Street in the Alphabet City neighborhood of Manhattan. The transaction involves a refinance loan amounting to $50,000,000 secured by the landlord, Paul Stallings.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $50,000,000
  • Loan Type: Refinance
  • Address: 190 East 7th Street
  • Market: Alphabet City, Manhattan
  • Lender: Jeffrey Weidell - NorthMarq Capital
  • Landlord: Paul Stallings
  • Units: 174

In this transaction, Paul Stallings serves as the landlord, while Jeffrey Weidell, representing NorthMarq Capital, extends the refinance loan for the multifamily asset. The deal highlights the collaboration between these key players in securing funding for the property.

Players

LENDER

Details

FINANCED
IMAGE: Jeffrey Weidell DATE: 01/31/2025 ADDRESS: 190 East 7th Street MARKET: Alphabet City, Manhattan ASSET TYPE: Multifamily ~ UNITS: 174 LENDER: Jeffrey Weidell - NorthMarq Capital LANDLORD: Paul Stallings LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance NOTE: Paul Stallings secured a $50M refinance loan from Northmarq Capital for a 174-unit residential building at 190 East 7th Street in Manhattan.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,000,000.00

Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00