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

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:

• Property Type: Multifamily
• Transaction Amount: $135,604,000
• Lender: Freddie Mac
• Landlord: Joe Moinian - The Moinian Group
• Brokers: Jordan Roeschlaub, Dustin Stolly, Daniel Fromm, and Peter Griesinger - Newmark
• Loan Type: Refinance

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.