Abro Management Refinances Manhattan Multifamily Property With $58M Loan From Ladder Capital

The asset involved in this transaction is located at 225 East 6th Street & 425-429 Third Avenue in Manhattan. This multifamily property features a total of 188 residential units and has undergone a refinancing where it replaced a previous loan amount of $63.1 million with a new loan of $58 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,000,000
• Market: Manhattan
• Units: 188
• Lender: Brian Harris - Ladder Capital
• Landlord: Abro Management
• Loan Type: Refinance

In this deal, Brian Harris, representing Ladder Capital, facilitated the financing for Abro Management who owns the multifamily properties. The transaction involved refinancing two residential elevator buildings, improving the financial terms for the landlord.