Alexander Development Group, The Bluestone Organization Refinances Luxury Rental Property In Mount Vernon For $93M

The luxury rental property at 42 West Broad St in Mount Vernon, NY has secured $93 million in refinancing. This multifamily asset is owned by Mark Alexander of Alexander Development Group and The Bluestone Organization. The property is located in the Mount Vernon market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $93,000,000
• Address: 42 West Broad St
• Market: Mount Vernon
• Landlord: Mark Alexander - Alexander Development Group & The Bluestone Organization
• Lender: Rana Ghorayeb - Otéra Capital Investments
• Brokers: Geoff Goldstein & Kellogg Gaines - JLL
• Loan Type: Refinance

The refinancing for the luxury rental property at 42 West Broad Street was facilitated by Rana Ghorayeb from Otéra Capital Investments. The brokers involved in the deal were Geoff Goldstein and Kellogg Gaines from JLL.

NOTE: Alexander Development Group, The Bluestone Organization, and investors advised by JP Morgan Asset Management were able to secure the $93 million refinancing for this property.