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Ryan Freedman Of Corigin Secures $178M Refinance Loan For Student Housing At 80 Lafayette Street

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FINANCED
$178,000,000

New York

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Student Housing317,464 SF
Financed 02/28/2025
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Property Image
FINANCED

Ryan Freedman Of Corigin Secures $178M Refinance Loan For Student Housing At 80 Lafayette Street

80 Lafayette Street

See Similar Deals
Student Housing317,464 SF
Financed 02/28/2025
Contact now

Summary

NEW YORK
Asset Type:Student Housing
Price Per Square Foot:$560
Total Square Footage:317,464 SF
Transaction Type:Loan

The asset involved in this transaction is a student housing property located at 80 Lafayette Street in Manhattan. The property encompasses a total square footage of 317,464 and secured a loan amount of $178,000,000 through a refinance arrangement.

Summary of transaction details:

This transaction involves several key individuals and firms. Mark Rowan served as the lender from Apollo, while Ryan Freedman represented the landlord from Corigin. The brokerage team from Newmark includes Jordan Roeschlaub, Nick Scribani, and Christopher Kramer, who played a role in facilitating the deal.

Players

Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Apollo Global
LENDER

Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Ryan Freedman, Christopher Kramer & Mark Rowan DATE: 02/28/2025 ADDRESS: 80 Lafayette Street MARKET: Manhattan ASSET TYPE: Student Housing ~ SF: 317,464 LENDER: Mark Rowan - Apollo LANDLORD: Ryan Freedman - Corigin BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays) & Christopher Kramer - Newmark (@Newmark) LOAN AMOUNT: $178,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$178,000,000.00

Monthly NOI$1,186,666.67
Monthly Debt Service$1,125,081.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00