AAG Management Refinances 77-Unit MultiFamily Building At 2161 Broadway With $30M Loan

The asset involved in the transaction is a 77-unit residential elevator building located at 2161 Broadway, situated in the Upper West Side of Manhattan. The property has undergone a refinancing transaction with a loan amount of $30 million, which has replaced a previously held $29 million debt.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $30,000,000
• Address: 2161 Broadway
• Market: Upper West Side
• Units: 77
• Lender: Transamerica Financial Life Insurance Company
• Landlord: Arnold Gumowitz - AAG Management
• Loan Type: Refinance

The deal was orchestrated with AAG Management, represented by Arnold Gumowitz. The refinancing was achieved through Transamerica Financial Life Insurance Company, underlining a strategic financial decision to optimize the property’s debt structure.