Moinian Group Secures $240 Million Refinance Loan From Acore Capital For 250-Unit Tower

The asset involved in this transaction is a 250-unit multifamily residential tower located at 110 John Street in Manhattan's Financial District. The total square footage of the property is 235,688. A refinancing loan of $240 million was closed, which replaces a prior loan of $169 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $240,000,000
• Address: 110 John Street
• Market: Financial District
• Lender: Acore Capital
• Landlord: Joseph Moinian - The Moinian Group
• Units: 250

Joseph Moinian, representing The Moinian Group, facilitated the closure of the refinancing transaction through 102–110 John Mazal LLC. This transaction marks a significant financial maneuver in the region, enhancing the capital structure of the asset.