Rabsky Group Secures $765M Refinance Loan From J.P. Morgan For 625 Fulton Street Multifamily

The asset involved in this transaction is a multifamily property located at 625 Fulton Street in Brooklyn, featuring 1,102 units in a 35-story tower. The property is being refinanced with an amount of $765 million from J.P. Morgan Chase, which replaces $555 million of existing construction debt secured from Madison Realty Capital.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $765,000,000
• Lender: J.P. Morgan Chase
• Landoord: Simon Dushinsky - Rabsky Group
• Broker: Henry Bodek - Galaxy Capital
• Market: Brooklyn

The key individuals involved in the transaction include Simon Dushinsky, representing the Rabsky Group, which is managing the refinance, along with Henry Bodek, acting as the broker representing the financing arrangements facilitated through J.P. Morgan Chase.