Newmark Facilitates $250M Acquisition Loan For Multifamily Property In New York City

The property asset involved in this transaction is a multifamily located at 265 East 66th Street in New York City. It has a total square footage of 424,922 and consists of 321 units. The transaction involves an acquisition loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $250,000,000
• Loan Type: Acquisition
• Lender: Childrens Investment Fund - Freddie Mac
• Landlord: GO Partners
• Brokers: Adam Spies, Adam Doneger, Marcella Fasulo, Avery Silverstein & Willis Robbins - Newmark
• Buyer's Representative: Adam Spies, Adam Doneger, Marcella Fasulo, Avery Silverstein, Willis Robbins, Doug Harmon and Josh King - Newmark

The deal was facilitated by Adam Spies, Adam Doneger, Marcella Fasulo, Avery Silverstein, Willis Robbins, Doug Harmon, and Josh King from Newmark. They represented the buyer in the transaction.