G4 Capital Partners Recapitalizes Two Multifamily Stabilized Properties In Manhattan With $27.3M Loan

73 Sullivan Street, New York City, New York 10012, United States

$27,300,000

$684/SF

Building Size

39,911 SF

Asset Type

MultiFamily

Closing

Mar 31, 2022

AI

A multifamily property located at 73 Sullivan St. and 241 Mulberry Street in Manhattan has undergone a refinancing transaction. The property spans an area of approximately 39,911 square feet.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $27,300,000
Market: Manhattan
Lender: G4 Capital Partners
Borrowers: Jason Behfarin, Robyn Sorid, Robert Palumbo, Chris Goetz, and Charles Russell
Loan Type: Refinance
Loan Terms: Recapitalization of two multifamily stabilized properties

G4 Capital Partners, represented by Jason Behfarin, Robyn Sorid, Robert Palumbo, Chris Goetz, and Charles Russell, provided a loan of $27,300,000 for the refinancing transaction. The purpose of the loan was to recapitalize two multifamily stabilized properties.

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