Domain Companies Secures $199M Refinance Loan From Equitable Financial Life Insurance For 360-Unit Property

The property asset involved in this transaction is a multifamily building located at 420 Carroll Street in Gowanus, Brooklyn. The asset encompasses a total square footage of 380,071 and contains 360 units. The transaction involves a refinance loan amounting to $199,000,000 provided by Equitable Financial Life Insurance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $199,000,000
• Address: 420 Carroll Street
• Market: Gowanus, Brooklyn
• Asset Size: 380,071 SF
• Units: 360
• Lender: Equitable Financial Life Insurance
• Landlord: Matthew Schwartz & Chris Papamichael - Domain Companies
• Loan Type: Refinance

Matthew Schwartz and Chris Papamichael represent Domain Companies, which secured the refinance loan to replace prior debt from Bank OZK. This transaction highlights the involvement of key individuals who play a significant role in the management and financial structuring of the property.