Affiliates Of Rockrose Development Secures $404 Million Refinancing From PNC Bank For Archive Multifamily Asset

The asset involved in this transaction is a 472-unit luxury apartment building located at 666 Greenwich Street in Manhattan’s West Village, known as the Archive. This property has been landmarked and has undergone a refinance, with the loan amount set at $404 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $404,000,000
• Lender: PNC Bank
• Landlord: Affiliates of Rockrose Development
• Brokers: Scott Singer, Andrew J. Singer, Kevin Swartz & Kathleen McSharry - Avison Young
• Loan Type: Refinance

The refinancing of the property was facilitated by PNC Bank, marking a significant transaction in the West Village market. The brokers involved in the deal include Scott Singer, Andrew J. Singer, Kevin Swartz, and Kathleen McSharry, who represent Avison Young, highlighting the collaboration of experienced professionals in the real estate sector.