Lionheart Strategic Management Provides $75 Million Recapitalization Loan For 405 Main Street Multifamily

The asset involved in this transaction is a multifamily property located at 405 Main Street - Riverwalk Crossing in the Roosevelt Island market. This property encompasses 221,669 square feet and consists of 242 units. The loan amount secured for this asset is $75,000,000 for recapitalization purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Address: 405 Main Street - Riverwalk Crossing
• Market: Roosevelt Island
• Asset Size: 221,669 SF
• Units: 242
• Lender: Lionheart Strategic Management
• Landlord: Related Companies & Hudson Companies
• Broker: Geoff Goldstein, Lauren Kaufman & Steven Binswanger - JLL
• Loan Type: Recapitalization

The key individuals involved in this transaction include Geoff Goldstein, Lauren Kaufman, and Steven Binswanger, who represented the parties in the deal as brokers from JLL. The landlords for the property are Related Companies and Hudson Companies, both notable entities in the real estate sector.