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Freddie Mac Provides $128.33M Loan For Multifamily Acquisition In Hell's Kitchen

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FINANCED
$128,331,000
Michael Shmuely
Kellogg (Kelly) Gaines
Geoff Goldstein

New York

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MultiFamily
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FINANCED

Freddie Mac Provides $128.33M Loan For Multifamily Acquisition In Hell's Kitchen

560 West 43rd Street

See Similar Deals
MultiFamily
Financed
Michael Shmuely
Kellogg (Kelly) Gaines
Geoff Goldstein
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is a multifamily building located at 560 West 43rd Street in the Hell's Kitchen market. It comprises a total of 418 units and has secured a loan amount of $128,331,000 for acquisition purposes.

Summary of transaction details:

The transaction saw the involvement of key brokers representing the deal, specifically Kellogg Gaines, Geoff Goldstein, and Michael Shmuely from JLL, who played crucial roles in facilitating the loan process with Freddie Mac, securing funding for the landlord JP Morgan.

Players

Kellogg (Kelly) Gaines
JLL
Kellogg Gaines
8 deals$1.7B volume(212) 812-5907
BROKER
Geoff Goldstein
JLL
Geoff Goldstein
54 deals$7.9B volume
BROKER
Michael Shmuely
JLL
Michael Shmuely
23 deals$2B volume
BROKER
JLL
JLL
BROKERAGE
Freddie Mac
Freddie Mac
LENDER

Details

FINANCED
IMAGE: Geoff Goldstein, Michael Shmuely, Kellogg Gaines, Jeff Miller & Chris Wood DATE: 7/11/2025 ADDRESS: Riverbank - 560 West 43rd Street MARKET: Hell's Kitchen ASSET TYPE: Multifamily ~ UNITS: 418 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: JP Morgan (@JPMorgan) BROKERS: Kellogg Gaines (@Kellok7), Geoff Goldstein & Michael Shmuely - JLL (@JLL) LOAN AMOUNT: $128,331,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$128,331,000.00

Monthly NOI$855,540.00
Monthly Debt Service$811,139.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00