Fannie Mae Provides $161.5 Million Refinance Loan For 888 Main Street Multifamily Property

The property asset involved in this transaction is located at 888 Main Street - The Octagon in Roosevelt Island. This multifamily asset comprises 501 units and has secured a refinancing loan of $161,500,000 from Fannie Mae.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $161,500,000
• Address: 888 Main Street - The Octagon
• Market: Roosevelt Island
• Units: 501
• Lender: Fannie Mae
• Brokers: Michael Shmuely, Michael Zaremski & John Flynn - JLL
• Loan Type: Refinance

The key individuals involved in this transaction include Michael Shmuely, Michael Zaremski, and John Flynn, who are representatives from JLL and played significant roles in facilitating the financing arrangements for this multifamily asset.