John Werwaiss Of Werwaiss Properties Secures $55.6M Refinance From Marc Rowan Of Apollo Global Management

Werwaiss Properties has a multifamily residential building located at 25-34 Jackson Avenue in Long Island City, Queens. The property spans 142,088 square feet and consists of 157 units. The refinancing arrangement involves a loan amount of $55.6 million from Apollo Global Management, replacing an existing loan from JPMorgan Chase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,600,000
• Address: 25-34 Jackson Avenue
• Market: Long Island City, Queens
• Units: 157
• Square Footage: 142,088
• Lender: Marc Rowan - Apollo Global Management
• Landlord: John Werwaiss - Werwaiss Properties
• Loan Type: Refinance

The deal reveals key players, with Marc Rowan acting as the representative for Apollo Global Management and John Werwaiss representing Werwaiss Properties in the refinancing transaction. This action indicates a strategic financial decision by Werwaiss Properties to leverage their asset in Long Island City.