RJ Capital Holdings Secures $84 Million Refinance Loan From Benefit Street Partners For 170 Units In Rego Park

The property asset involved in this transaction is a multifamily building located at 98-81 Queens Boulevard in Rego Park, comprising a total of 170 residential units. The transaction involves a refinancing loan amounting to $84,000,000. This transaction is part of the larger market dynamics in the Rego Park area, emphasizing its continued relevance in multifamily investments.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $84,000,000
• Address: 98-81 Queens Boulevard
• Market: Rego Park
• Units: 170
• Lender: Benefit Street Partners
• Landlord: RJ Capital Holdings
• Brokers: Daniel Fromm & Jordan Roeschlaub - Newmark
• Loan Type: Refinance

The key individuals involved in this transaction include Daniel Fromm and Jordan Roeschlaub, who represent Newmark as the brokers facilitating the refinancing process for RJ Capital Holdings through Benefit Street Partners. Their expertise in the multifamily sector played a crucial role in the execution of this financial arrangement.