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Joe Moinian's The Moinian Group Refinances Midtown Manhattan Multifamily Property For $135.6M With Freddie Mac Loan

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This MultiFamily property located in NY received a loan of $135,604,000 5 months ago. The brokers of the deal were Jordan (Jordy) Roeschlaub, Dustin Stolly, Daniel Fromm, and Peter Griesinger

The multifamily property located at 260 West 54th Street in Midtown, Manhattan has recently undergone a refinancing transaction. The property consists of 395 units and is owned by Joe Moinian of The Moinian Group.

Summary of transaction details:

The financing was provided by Freddie Mac, a well-known lender in the real estate industry. The deal was facilitated by brokers Jordan Roeschlaub, Dustin Stolly, Daniel Fromm, and Peter Griesinger from Newmark. This transaction highlights the ongoing activity in the market, demonstrating the continued interest in multifamily properties in Midtown, Manhattan.

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Deals
  • Location
    260 West 54th Street260 West 54th Street
  • Loan Value
    $135,604,000$135,604,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Dustin Stolly

Dustin Stolly

Deals215
Financed$37.1B

Daniel Fromm

Daniel Fromm

Deals58
Financed$4B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals192
Financed$34.2B

Peter Griesinger

Peter Griesinger

Deals1
Financed$135.6M

Agency

Newmark

Newmark

Agency
Deals3818
Volume$392.4B

Freddie Mac

Freddie Mac

Lender
Deals84
Volume$ 445.7B

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Deal Summary

LOAN IMAGE: Jordan Roeschlaub, Dustin Stolly, Joe Moinian, Peter Griesinger & Daniel Fromm DATE: 10/04/2023 ADDRESS: 260 West 54th Street MARKET: Midtown, Manhattan ASSET TYPE: Multifamily ~ UNITS: 395 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Joe Moinian (@MoinianJ) - The Moinian Group (@MoinianGroup) BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly, Daniel Fromm (@Ddwb) & Peter Griesinger - Newmark (@Newmark) LOAN AMOUNT: $135,604,000 LOAN TYPE: Refinance

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