Joel Landau Secures $90 Million Refinance Loan From Valley National Bank For Brooklyn Multifamily Asset
FINANCED
$90,000,000
New York
See Similar DealsMultiFamily
Financed 12/30/2025
FINANCED
Joel Landau Secures $90 Million Refinance Loan From Valley National Bank For Brooklyn Multifamily Asset
270 Nostrand Avenue
See Similar DealsMultiFamily
Financed 12/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily asset located at 270 Nostrand Avenue in the Brooklyn market consists of 140 units. The total loan amount for this refinance transaction is $90,000,000, which was provided by Valley National Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $90,000,000
- Loan Type: Refinance
- Address: 270 Nostrand Avenue
- Market: Brooklyn
- Lender: Valley National Bank
- Loan Originators: Chris Gregg, Roger Rofe & Roland Cablayan
- Landlord: Joel Landau
- Brokers: Ernest Lefkowitz & Leah Paskus - Landstone Capital Group
The key individuals involved in this transaction include loan originators Chris Gregg, Roger Rofe, and Roland Cablayan, who facilitated the refinance. The landlords for the property are represented by Joel Landau in this closed transaction, while the brokerage representation includes Ernest Lefkowitz and Leah Paskus from Landstone Capital Group.
Players
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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