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

Property Image
FINANCED
$199,000,000
Matthew Schwartz
CP

New York

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MultiFamily380,071 SF
Financed 07/10/2025
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Property Image
FINANCED

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

420 Carroll Street

See Similar Deals
MultiFamily380,071 SF
Financed 07/10/2025
Matthew Schwartz
CP
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:380,071 SF
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Matthew Schwartz & Chris Papamichael DATE: 07/10/2025 ADDRESS: 420 Carroll Street MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ SF: 380,071 ~ UNITS: 360 LENDER: Equitable Financial Life Insurance LANDLORD: Matthew Schwartz & Chris Papamichael - Domain Companies (@DomainCos) LOAN AMOUNT: $199,000,000 LOAN TYPE: Refinance NOTE: Domain Companies secured a $199M refinance loan from Equitable Financial Life Insurance for its 360-unit building at 420 Carroll Street in Gowanus, replacing prior debt from Bank OZK.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$199,000,000.00

Monthly NOI$1,326,666.67
Monthly Debt Service$1,257,815.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00