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Zions Capital Markets Arranges $46.15M Refinance For Parlanti Group's Brooklyn Multifamily Portfolio

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FINANCED
$46,150,000

New York

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MultiFamily
Financed 12/31/2025
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Property Image
FINANCED

Zions Capital Markets Arranges $46.15M Refinance For Parlanti Group's Brooklyn Multifamily Portfolio

2911 Brighton 5th Street, 230 73rd Street, 6309 Bay Parkway, 9302 Ridge Boulevard & 1302 Newkirk Avenue

See Similar Deals
MultiFamily
Financed 12/31/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involved a portfolio of multifamily properties located at 2911 Brighton 5th Street, 230 73rd Street, 6309 Bay Parkway, 9302 Ridge Boulevard, and 1302 Newkirk Avenue in Brooklyn. The properties are 100% rent-stabilized and were financed as part of a refinancing effort led by Zions Capital Markets.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $46,150,000
  • Lender: Zions Capital Markets
  • Landlord: Parlanti Group
  • Loan Type: Refinance
  • Loan Terms: 5-Year, Full Term Interest Only

Angelo Mannino of Zions Capital Markets arranged a complex financing package that supported three refinances, two acquisitions, and a recapitalization of costs for the Parlanti Group. The deal required a sophisticated capital structure reflecting an understanding of the complexities within the Brooklyn rent-stabilized market.

Players

Zions Capital Markets
Zions Capital Markets
LENDER
Zions Capital Markets
Zions Capital Markets
ORIGINATOR

Details

FINANCED
IMAGE: Angelo Mannino DATE: 12/31/2025 ADDRESS: 2911 Brighton 5th Street, 230 73rd Street, 6309 Bay Parkway, 9302 Ridge Boulevard & 1302 Newkirk Avenue MARKET: Brooklyn ASSET TYPE: Multifamily LENDER: Zions Capital Markets LANDLORD: Parlanti Group LOAN AMOUNT: $46,150,000 LOAN TYPE: Refinance LOAN TERMS: 5-Year, Full Term Interest Only NOTE FROM LENDER: Angelo Mannino of Zions Capital Markets successfully arranged an intricate financing package that enabled three refinances, two acquisitions, and a recapitalization of costs for a Brooklyn‑based multifamily owner, The Parlanti Group. The transaction involved a portfolio that was 100% rent‑stabilized, requiring a sophisticated capital structure and a nuanced understanding of the complexities within the Brooklyn rent‑stabilized market. Through thoughtful financial engineering and deep familiarity with New York regulatory frameworks, Mannino delivered a seamless execution that supported both the borrower’s long‑term strategy and the operational stability of the assets. This deal underscores the team's ability to bridge markets by leveraging the expanded platform of Zions Capital Markets, which has solidified its presence within the NY multifamily lending ecosystem.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,150,000.00

Monthly NOI$307,666.67
Monthly Debt Service$291,699.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00