MAG Partners & Safanad Secure $148.7M Refinance Loan From Real Estate At Goldman Sachs Alternatives For The Mabel

The property asset involved in this transaction is a multifamily building located at 335 8th Avenue, known as The Mabel, situated in the Chelsea market of Manhattan. This asset comprises 188 units and has undergone a refinancing through a loan amount of $148,700,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $148,700,000
• Address: 335 8th Avenue - The Mabel
• Market: Chelsea, Manhattan
• Lender: Real Estate at Goldman Sachs Alternatives
• Landlord: MAG Partners & Safanad
• Broker Representatives: Jillian Mariutti, Geoff Goldstein, Stephen Van Leer & Rob Hinckley - JLL
• Loan Type: Refinance
• Units: 188

This refinancing deal demonstrates the involvement of multiple brokers from JLL who represented the interests in this transaction, indicating a collaborative effort among professionals in the real estate sector. The landlords participating in the deal, MAG Partners and Safanad, play a significant role in the ownership and management of the asset, enhancing its operational capabilities and market presence.