Invesco Provides $280 Million Refinance Loan To Vanbarton Group For Manhattan Multifamily Asset

The property asset involved in this transaction is a multifamily development located at 980 Sixth Avenue & 70 West 37th Street in Manhattan. The asset encompasses 75 units and is part of the thriving Manhattan market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $280,000,000
• Lender: Andrew Schlossberg - Invesco
• Landlord: Gary Tischler & Richard Coles - Vanbarton Group
• Landlord's Representative: Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, Adam Spies & Adam Doneger - Newmark
• Loan Type: Refinance

This refinance transaction was facilitated by key individuals such as Andrew Schlossberg from Invesco, representing the lender. The landlords Gary Tischler and Richard Coles are associated with Vanbarton Group, while the representation for the landlords was handled by the team from Newmark, which includes Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, Adam Spies, and Adam Doneger.