Slate Property Group Secures $63 Million Refinance Loan From Prime Finance For Chelsea Portfolio

The transaction involves a multi-family portfolio consisting of three properties located in Chelsea, containing a total of 94 units and encompassing 68,139 square feet. The loan secured for this portfolio is $63,000,000, classified as a refinance loan.

Summary of transaction details:

• Property Type: MultiFamily - 3-Property Portfolio
• Transaction Amount: $63,000,000
• Units: 94
• Square Footage: 68,139
• Lender: Prime Finance
• Borrower: Slate Property Group
• Landlord's Rep: Morris Betesh, Alex Bailkin, Andrew Rosenberg & Eliott Zeitoune - Arrow Real Estate Advisors

The individuals involved in this transaction include representatives from Arrow Real Estate Advisors, specifically Morris Betesh, Alex Bailkin, Andrew Rosenberg, and Eliott Zeitoune, who played a key role in representing the landlord during the refinancing process.