Barings Provides $119.9M Construction Loan For Multifamily Project In New York City

Located at 251 Douglass Street in New York City, this multifamily property was recently involved in a loan transaction. The loan amount for the transaction was $119,900,000, and it was a construction loan.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $119,900,000
• Lender: Barings - Mike Freno
• Landlord: Tavros - Nick Silvers & Dov Barnett; Charney Companies - Sam Charney; & Canyon Partners - Josh Friedman & Mitch Julis
• Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
• Market: New York City

In addition to the loan details, several key individuals and companies were involved in this transaction. The lender for the loan was Barings, represented by Mike Freno. The property's landlords include Tavros, represented by Nick Silvers and Dov Barnett, as well as Charney Companies, represented by Sam Charney, and Canyon Partners, represented by Josh Friedman and Mitch Julis. The brokers responsible for this deal were Jordan Roeschlaub and Dustin Stolly from Newmark.