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68 Richardson Street

Fort Point Capital & Marble Hill Capital Secures $16.13M Refinance Loan From Orix For Multifamily Asset
FINANCEDMultiFamily

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

Max Ralby

Newmark

Broker

$3.8B

vol

74 deals

Broker
Orix
OrixLender

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