Michael Chetrit Of The Chetrit Organization Secures $714M Loan From Rialto Capital For Multifamily Properties

The transaction involves a multifamily asset located at 305 East 86th Street (Yorkshire Towers) and 160 East 88th Street (Lexington Towers) in the Manhattan market, comprising a total of 804 units. The loan amount for this transaction was $714,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $714,000,000
• Lender: Rialto Capital
• Landlord: Michael Chetrit / The Chetrit Organization
• Landlord's Representative: Robert Verrone & Anthony D'Amelio - Iron Hound Management Company

Key individuals involved in this transaction include Michael Chetrit, representing The Chetrit Organization, and brokers Robert Verrone and Anthony D'Amelio from Iron Hound Management Company, who represented the landlord in securing the financing for the properties.