Scott Rechler Secures $118.16M Refinance For Brooklyn & Rochelle Multifamily

The loan transaction involved the refinancing of two properties located at 47 Hall Street in Brooklyn and 55 Clinton Place in Rochelle. The loan amount secured for this transaction was $118,160,000. The properties include The Hall, an office property in Downtown Brooklyn, and One Clinton Park, a luxury mixed-use multifamily in New Rochelle, NY.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $118,160,000
• Address: 47 Hall Street & 55 Clinton Place
• Market: Brooklyn & Rochelle
• Lender: Barry Sternlicht - Starwood Property Trust
• Landlord: Scott Rechler - RXR
• Loan Type: Refinance

Barry Sternlicht from Starwood Property Trust served as the lender for the refinancing deal, while Scott Rechler, representing RXR, secured the loan amount. The properties involved in the transaction are The Hall in Brooklyn and One Clinton Park in Rochelle, highlighting the collaboration between the key individuals and companies in structuring the refinancing agreement.