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

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.