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UES Portfolio

Updated May 14, 2026

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Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secure $105,549,000 Refinance Loan In Manhattan
FINANCEDMultiFamily

Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secure $105,549,000 Refinance Loan In Manhattan

$105,549,000

Building Size

Asset Type

MultiFamily

Closing

Apr 29, 2026

About this deal

AI

This transaction involves a multifamily portfolio consisting of 18 total assets located in the Manhattan market. The loan amount secured for this refinance transaction is $105,549,000, which is facilitated by Webster Bank and Derby Copeland Capital. The landlords involved are Terrence Lowenberg and Todd Cohen from Icon Realty Management.

Summary of transaction details:

This deal is backed by a team of brokers from Walker & Dunlop, including Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, and Sean Bastian, who facilitated the refinancing process for the landlords involved in this transaction.

Players

Aaron Appel

Walker & Dunlop

Broker

$34.9B

vol

205 deals

Broker
Webster Bank
Webster BankLender
Terrence Lowenberg

Terrence Lowenberg

Icon Realty Management

Landlord

$305.5M

vol

17 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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