The asset involved in this transaction comprises six Manhattan residential properties, specifically located at 300 Mercer Street, 200 East 33rd Street, and 229 West 60th Street. The multifamily properties encompass a total square footage of 1,374,342 and consist of 1,320 residential units.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $325,000,000
• Lender: New York Life Insurance Company
• Landlord: Liane Ginsberg, Laurence Ginsberg & Hilary Feshbach - Algin Management
• Loan Type: Refinance

This financing arrangement was executed by Algin Management, who holds ownership of the properties in question. The refinance was facilitated through a loan obtained from New York Life Insurance Company, highlighting the engagement between the lending institution and the management company overseeing the residential units.