J.P. Morgan Chase Provides $50 Million Refinance Loan For Multifamily Asset In New York City

The asset involved in the transaction is a multifamily property located in the Upper West Side, East Village, and Kips Bay. It encompasses a total square footage of 252,891 and consists of 271 units. The loan amount issued for this property transaction is $50,000,000, falling under a refinance loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Asset Size: 252,891 SF
• Units: 271
• Lender: J.P. Morgan Chase
• Brokers: Matthew Dzbanek, Matt Swerdlow, and Jared Kulman - Ariel Property Advisors
• Borrower's Attorney: Craig Price - Belkin Burden Goldman LLP
• Date: 5/1/2025
• Market: Upper West Side, East Village & Kips Bay

The transaction featured the expertise of J.P. Morgan Chase as the lender, while Ariel Property Advisors facilitated the deal through its brokers Matthew Dzbanek, Matt Swerdlow, and Jared Kulman. The legal representation for the borrower was provided by Craig Price from Belkin Burden Goldman LLP, ensuring comprehensive support throughout the refinancing process.