Updated Nov 5, 2026
Citi Provides $24,500,000 CMBS Refinance For MultiFamily Portfolio In Manhattan Represented By Jacob Schmuckler & Meir Schlusselberg
$24,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
This transaction involves a MultiFamily Portfolio in the Manhattan market. The loan was secured for a total amount of $24,500,000 under a CMBS Refinance structure.
Summary of transaction details:
- Property Type: MultiFamily Portfolio
- Transaction Amount: $24,500,000
- Lender: Citi
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
Jacob Schmuckler and Meir Schlusselberg represent the landlord in this transaction, facilitating the loan process with Citi as the lender. Their role emphasizes their expertise in the real estate sector as they work on behalf of the property owner to secure financing solutions.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93