Newmark Brokers Refinance Loan For 464-Unit Multifamily In NYC With Lenders Clarion And Square Mile

A multifamily property located at 271 West 47th Street in New York City has been refinanced with a loan amount of $248,000,000. The property spans approximately 354,464 square feet and consists of 464 units. The transaction involved multiple parties, including the lender Clarion represented by David Gilbert, and Square Mile represented by Craig Solomon. The landlords involved in the deal are BentallGreenOak represented by Sonny Kalsi and Matthew Cervino, as well as Slate Property Group represented by Martin Nussbaum. The brokers who facilitated the transaction are Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $248,000,000
• Square Footage: 354,464
• Units: 464
• Lender: Clarion - David Gilbert & Square Mile - Craig Solomon
• Landlord: BentallGreenOak - Sonny Kalsi & Matthew Cervino; Slate Property Group - Martin Nussbaum
• Brokers: Jordan Roeschlaub, Dustin Stolly & Nick Scribani - Newmark

The deal brings together a diverse group of industry professionals to facilitate the refinancing of the multifamily property at 271 West 47th Street. With lenders Clarion and Square Mile providing the necessary funds and brokers from Newmark assisting in the transaction, the deal showcases the collaborative efforts of key individuals and companies in the real estate market.