Kevin Lalezarian Of Lalezarian Properties Secures $141M Refinance Loan From J.P. Morgan Chase

The asset involved in this transaction is a multifamily building located at 511 3rd Avenue in the Murray Hill neighborhood of Manhattan. The property encompasses a total square footage of 205,662 and consists of 229 units. The loan associated with this transaction amounts to $141,000,000 and is categorized as a refinance, replacing prior debt of $120,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $141,000,000
• Address: 511 3rd Avenue
• Market: Murray Hill, Manhattan
• Lender: J.P. Morgan Chase
• Landlord: Kevin Lalezarian - Lalezarian Properties
• Loan Type: Refinance

Key individuals in this transaction include Kevin Lalezarian, representing Lalezarian Properties, who managed the refinance process through JPMorgan Chase, indicating a strategic financial maneuver concerning the property.