Fort Point Capital & Marble Hill Capital Secures $16.13M Refinance Loan From Orix For Multifamily Asset
68 Richardson Street
$16,130,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 2, 2026
AI
The property involved in this transaction is a multifamily asset located at 68 Richardson Street in Brooklyn, consisting of 24 units. The loan amount secured for refinancing this property is $16,130,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,130,000
- Lender: Orix
- Landlord: Fort Point Capital & Marble Hill Capital
- Landlord's Representative: Max Ralby & Capri Van Gilder - Newmark
- Loan Type: Refinance
- Transaction Date: 07/02/2026
The deal features key representatives Max Ralby and Capri Van Gilder from Newmark, who acted on behalf of the landlords, Fort Point Capital and Marble Hill Capital. The refinancing indicates a strategic move to optimize the financial structure of the asset.
Players
Brooklyn 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93