Olnick Organization Secures $170.5 Million Refinance Loan From Chase Bank For Harlem Multifamily Asset

The property asset involved in this transaction is a MultiFamily apartment complex located at 484 Malcolm X Boulevard in the Harlem neighborhood of Manhattan. The asset comprises a total of 1,696 units. The transaction involved a refinance loan from Chase Bank to the Olnick Organization in the amount of $170,515,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $170,515,000
• Address: 484 Malcolm X Boulevard
• Market: Harlem, Manhattan
• Lender: Chase Bank
• Borrower: Seth Schochet - Olnick Organization
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno & Cody Ela - Walker & Dunlop
• Loan Type: Refinance

The deal involved several key brokers representing the transaction, including Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, and Cody Ela from Walker & Dunlop. The brokers facilitated the loan arrangements between the borrower, Seth Schochet, and the lender, Chase Bank, ensuring the successful completion of the refinance process for the property.