David Kramer Of The Hudson Companies And Jeff T. Blau Of Related Companies Secure $185M Refinance Loan

Two multifamily properties located at 430 Main Street and 480 Main Street in Roosevelt Island, Manhattan, were refinanced for a total loan amount of $185,000,000. The properties encompass a total of 571 units and span approximately 457,289 square feet.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $185,000,000
• Lender: Wells Fargo
• Lender: Roosevelt Island Operating Corporation
• Landlord: David Kramer - The Hudson Companies
• Landlord: Jeff T. Blau - Related Companies
• Loan Type: Refinance

The refinancing deal involved key stakeholders, including David Kramer and Jeff T. Blau, who represent The Hudson Companies and Related Companies, respectively. Both firms secured the refinancing from Wells Fargo and Roosevelt Island Operating Corporation to bolster their multifamily assets on Roosevelt Island.