Rane Property Management Secures $70M Bridge Loan For Buffalo Multifamily

70 Blue Pointe Ln, Grand Island, New York 14072, United States

$70,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

The multifamily property located at 70 Blue Point Lane in Buffalo has been involved in a closed transaction. The property consists of 376 units and was part of the market in Buffalo.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $70,000,000
Address: 70 Blue Point Lane, Buffalo
Market: Buffalo
Units: 376

In this transaction, the loan for the property was provided by TPG Real Estate Finance Trust. The loan was a bridge loan type, with non-recourse terms that lasted for 3 years.

Rane Property Management, represented by Tony Cutaia, acted as the landlord in this deal. The brokers involved in the transaction were Kevin O’Grady, David Larson, Keegan Burger, and Daniel Rojo from Concord Summit Capital.

Players