Mark Rowan Of Apollo Provides $275 Million Refinance Loan For 816 Unit Multifamily Asset At 63-67 Wall Street
63 67 Wall Street
$275,000,000
$505/SF
Building Size
543,756 SF
Asset Type
MultiFamily
Closing
Jan 30, 2025
AI
The property asset involved is a multifamily asset located at 63-67 Wall Street in the Financial District. This asset spans a total square footage of 543,756 and consists of 816 units. The transaction involved a loan amount of $275,000,000, which is classified as a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $275,000,000
- Address: 63-67 Wall Street
- Market: Financial District
- Asset Size: 543,756 SF
- Units: 816
- Lender: Mark Rowan - Apollo
- Landlord: Keith Gelb & Bill Walton - Rockpoint
- Broker Representatives: Jordan Roeschlaub, Nick Scribani & Christopher Kramer - Newmark
The key individuals involved in this transaction include Mark Rowan representing Apollo as the lender, and Keith Gelb and Bill Walton from Rockpoint acting as landlords for the asset. The brokerage team from Newmark, which consists of Jordan Roeschlaub, Nick Scribani, and Christopher Kramer, played a significant role in facilitating the loan refinance transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93