John Catsimatidis' Red Apple Group Secures $83.5 Million Refinance From U.S. Bank For Brooklyn Multifamily

A refinancing deal was secured for a 205-unit multifamily residential building located at 81 Fleet Place in Downtown Brooklyn. The loan amount for this property transaction was $83,500,000, replacing an earlier loan of $86 million that was issued in 2019. The asset is situated in a market known for its vibrant urban environment.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $83,500,000
• Address: 81 Fleet Place
• Market: Brooklyn
• Lender: U.S. Bank
• Landlord: John Catsimatidis - Red Apple Group
• Loan Type: Refinance
• Units: 205

John Catsimatidis, representing Red Apple Group, facilitated the refinancing process with U.S. Bank for their Brooklyn property. The transaction reflects a strategic financial move to optimize the investment in the multifamily residential sector.