Updated Aug 7, 2025
Mark Rowan Of Apollo Global Provides $110 Million Refinance Loan To Stellar Management In Turtle Bay
301 East 47th Street
$110,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 29, 2025
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 301 East 47th Street in the Turtle Bay market of Manhattan. The transaction consists of a refinance arrangement with a loan amount of $110,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $110,000,000
- Lender: Mark Rowan - Apollo Global
- Landlord: Stellar Management
- Landlord's Representative: Max Ralby & Jordan Roeschlaub - Newmark
- Loan Type: Refinance
- Date: 6/30/2025
This transaction features key individuals such as Mark Rowan, who represents Apollo Global as the lender, and the landlord, Stellar Management, represented by Max Ralby and Jordan Roeschlaub from Newmark. Their roles in this refinancing deal highlight the various stakeholders involved in the management and financial structuring of the property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93