Go Partners Secure $525.1M Refinance Loan In Murray Hill

The Copper is a multifamily property located at 616 1st Avenue & 626 1st Avenue in the Murray Hill market of Manhattan. The asset encompasses a total square footage of 922,828 and consists of 761 residential units. The property was refinanced with a loan amounting to $525.1 million from Arbor Realty Trust.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $525,100,000
• Address: 616 1st Avenue & 626 1st Avenue
• Market: Murray Hill, Manhattan
• Lender: Ivan Kaufman - Arbor Realty Trust
• Landlord: Joshua Gotlib & Meyer Orbach - Go Partners
• Loan Type: Refinance

Ivan Kaufman served as the representative of Arbor Realty Trust in the transaction, while Joshua Gotlib and Meyer Orbach represented Go Partners, the landlords of The Copper. The refinancing reflects strategic financial management for the ownership, facilitating continued operation and enhancement of the multifamily asset.