MetLife Provides $70M Refinance Loan For Multifamily Property In Financial District With Landlord As Rose Associates

The loan for the property located at 21 West Street in the Financial District was recently refinanced. The property is a multifamily asset with a total square footage of 335,746. The loan was provided by MetLife, and the landlord of the property is Rose Associates. The loan amount for the refinancing was $70,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 21 West Street
• Market: Financial District
• Lender: MetLife
• Landlord: Rose Associates
• Total Square Footage: 335,746

This transaction represents a significant refinancing deal in the Financial District. With the involvement of MetLife as the lender and Rose Associates as the landlord, it showcases the trust and confidence in the property's value. The refinancing will provide the necessary capital for further development and maintenance of the multifamily asset.