The Altmark Group Secures $96 Million Refinance Loan From Morgan Stanley For Mott Haven Multifamily

The asset involved in this transaction is a 24-story multifamily apartment tower located at 2455 Third Avenue in Mott Haven, Bronx. The property consists of 264 residential units and has successfully secured a refinancing loan amounting to $96,000,000 from Morgan Stanley.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $96,000,000
• Lender: Morgan Stanley
• Landlord: The Altmark Group
• Brokers: Brad Domenico, Gideon Gil, Jack Subers & Frank Stanislaski - Cushman & Wakefield

The refinancing deal was orchestrated by The Altmark Group to enhance their asset, The Motto. The team from Cushman & Wakefield, comprising Brad Domenico, Gideon Gil, Jack Subers, and Frank Stanislaski, facilitated this transaction.