The asset involved is a multifamily property located at 401 East 80th Street in Manhattan’s Upper East Side. This 310-unit multifamily tower recently underwent a refinancing transaction involving a loan amount of $80 million. The loan is structured with a 10-year fixed-rate term.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate
• Lender: John Hancock Life Insurance Company
• Landlord: Jonathan Resnick - Jack Resnick & Sons
• Brokers: Scott Singer, Andrew J. Singer, Kevin Swartz & Jeffrey Moroch - Avison Young

This refinancing deal was facilitated by the landlord, Jonathan Resnick, who is associated with Jack Resnick & Sons. The transaction was supported by brokers from Avison Young, including Scott Singer, Andrew J. Singer, Kevin Swartz, and Jeffrey Moroch, who played a pivotal role in securing the financing from John Hancock Life Insurance for the property known as Gracie Mews.