Craig A. Spencer Of Arden Group Secures $161M Refinance Loan From Barry Sternlicht Of Starwood Property Trust For Multifamily Property In Inwood

The property involved in this transaction is a multifamily asset located at 4650 Broadway in the Inwood neighborhood of Manhattan. The building consists of 222 residential units and includes over 125,000 square feet of retail space, accommodating tenants such as School in the Square and Fine Fare Gold Supermarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $161,000,000
• Lender: Barry Sternlicht - Starwood Property Trust
• Landlord: Craig A. Spencer - Arden Group
• Loan Type: Refinance
• Address: 4650 Broadway
• Market: Inwood, Manhattan

The refinancing deal was secured by Arden Living from Starwood Property Trust, reflecting the collaboration of both parties in the financial structuring of the 22-story building, which integrates significant retail leasing opportunities along with residential offerings.