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Goose Property Management Secures $108.5 Million Refinance Loan From Marc Rowan In Brooklyn

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FINANCED
$108,500,000

New York

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MultiFamily
Financed 03/21/2025
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Property Image
FINANCED

Goose Property Management Secures $108.5 Million Refinance Loan From Marc Rowan In Brooklyn

597 Grand Street

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MultiFamily
Financed 03/21/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 597 Grand Street in Williamsburg, Brooklyn. The building encompasses a total square footage of 93,259 and is part of a refinancing loan arrangement involving multiple properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,500,000
  • Lender: Marc Rowan - Apollo Global Management
  • Landlord: Yitzchok Katz - Goose Property Management
  • Loan Type: Refinance

This refinancing loan was secured by Goose Property Management, which is represented by Yitzchok Katz. The lender for this transaction, Marc Rowan, is associated with Apollo Global Management, illustrating the involvement of established entities in the deal.

Players

Marc Rowan
20 deals$1.6B volume
LENDER

Apollo Global
LENDER

Yitzchok Katz
10 deals$718.7M volume
LANDLORD

Details

FINANCED
IMAGE: Marc Rowan DATE: 03/21/2025 ADDRESS: 597 Grand Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ BSF: 93,259 LENDER: Marc Rowan - Apollo Global Management LANDLORD: Yitzchok Katz - Goose Property Management (@GoosePropertyManagement) LOAN AMOUNT: $108,500,000 LOAN TYPE: Refinance NOTE: Goose Property Management secured a $108.5 million refinancing loan from Apollo Global Management for three properties, including a residential building at 597 Grand Street in Williamsburg, Brooklyn.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$108,500,000.00

Monthly NOI$723,333.33
Monthly Debt Service$685,793.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00