Eyal Ofer, MaryAnne Gilmartin Secure $141.4 Million Bridge Loan From M&T Realty Capital Corporation

The asset involved in this transaction is a 194-unit multifamily apartment tower located at 300 East 50th Street in Midtown Manhattan. A bridge loan of $141,400,000 was secured to refinance this luxury apartment property after the completion of lease-up.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $141,400,000
• Lender: M&T Realty Capital Corporation
• Landlord: Eyal Ofer - Global Holdings, MaryAnne Gilmartin - MAG Partners & Safanad

This transaction reflects a joint venture involving Global Holdings, MAG Partners, and Safanad, which worked together to secure financing for the property. The bridge loan will facilitate the refinancing necessary for the continued operation and management of the Anagram Turtle Bay apartment tower.