JLL Arranges $70.6M Agency Loan For Multifamily Property In Gramercy Park

The multifamily property located at 200 East 23rd Street in Gramercy Park, Manhattan has been involved in a recent loan transaction. The loan was provided by Fannie Mae, a leading lender in the industry. The borrower, SMA Equities represented by Samy Mahfar, secured a loan amount of $70,635,000 through agency lending. This loan will support the ongoing operations and development of the property.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $70,635,000
• Lender: Fannie Mae
• Landlord: SMA Equities - Samy Mahfar

Evan Pariser, Michael Shmuely, Michael Zaremski, John Flynn, and Jimmy Cochran from JLL represented the borrower's interests as brokers in this transaction. Their expertise and negotiation skills have played a crucial role in facilitating this loan deal.