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
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:
- Property Type: Multifamily
- Transaction Amount: $105,549,000
- Lender: Webster Bank
- Lender: Derby Copeland Capital
- Landlord: Terrence Lowenberg & Todd Cohen - Icon Realty Management
- Broker: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno & Sean Bastian - Walker & Dunlop
- Transaction Date: 4/30/2026
- Property Address: UES Portfolio
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
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