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Fortress Investment Group Provides $50.5M Refinance Loan For Mixed-Use Properties In Manhattan & Brooklyn

143 Noble Street, 420 Seventh Avenue, 426 Seventh Avenue, 428 Seventh Avenue, 368 Court Street, 475 Sixth Avenue, 1501 Eighth Avenue, 159 Newel Street, 231 Sullivan Street, 235 Sullivan Street, 164 First Avenue & 53-55 Stone Street
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This Mixed-use property located in NY received a loan of $50,500,000 over 2 years ago. The brokers of the deal were Mo Beler and Adam Schwartz

The mixed-use property located at 143 Noble Street, 420 Seventh Avenue, 426 Seventh Avenue, 428 Seventh Avenue, 368 Court Street, 475 Sixth Avenue, 1501 Eighth Avenue, 159 Newel Street, 231 Sullivan Street, 235 Sullivan Street, 164 First Avenue, and 53-55 Stone Street in Manhattan and Brooklyn was involved in a refinance loan transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $50,500,000
  • Lender: Fortress Investment Group
  • Landlord: Meadow Partners & David Lloyd & Sean Lefkovits
  • Brokers: Mo Beler, David Lloyd, Adam Schwartz, Sean Lefkovits, and Sean Reimer
  • Loan Terms: 3.5% Rate for 3 Years of Interest Only

The loan, provided by Fortress Investment Group, allowed for the refinancing of the mixed-use property. The landlords involved in the transaction were Meadow Partners and Davean Holdings represented by David Lloyd and Sean Lefkovits. The brokers who facilitated the deal were Mo Beler, David Lloyd, Adam Schwartz, Sean Lefkovits, and Sean Reimer from Walker Dunlop.

Notably, one of the individuals involved in the transaction, Sean Lefkovits, purchased a Bored Ape for 94 ETH one month prior to the partnership announcement with Adidas. Bored Pizza, a rare trait, adds to the unique features of the property.

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Deals
  • Location
    143 Noble Street, Brooklyn, New York 11222, United States143 Noble Street, Brooklyn, New York 11222, United States
  • Loan Value
    $50,500,000$50,500,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Mo Beler

Mo Beler

Deals26
Financed$4.9B

Adam Schwartz

Adam Schwartz

Deals73
Financed$11B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
Deals609
Volume$76.5B

Fortress Investment Group

Fortress Investment Group

Lender
Deals10
Volume$ 192.3B

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Deal Summary

LOAN IMAGE: Bored Ape , Mo Beler, David Lloyd, Adam Schwartz, Sean Lefkovits & Sean Reimer DATE: 12/17/2021 🎉 ADDRESS: 143 Noble Street, 420 Seventh Avenue, 426 Seventh Avenue, 428 Seventh Avenue, 368 Court Street, 475 Sixth Avenue, 1501 Eighth Avenue, 159 Newel Street, 231 Sullivan Street, 235 Sullivan Street, 164 First Avenue & 53-55 Stone Street MARKET: Manhattan & Brooklyn ASSET TYPE: Mixed-use LENDER: Fortress Investment Group LANDLORD: Meadow Partners & @DaveanHoldings - David Lloyd & Sean Lefkovits BROKERS: Sean Reimer, Adam Schwartz, Mo Beler - @WalkerDunlop LOAN AMOUNT: $50,500,000 🚀 LOAN TERMS: 3.5% Rate 3 Years of IO ✅ LOAN TYPE: Refinance FUN FACT: @4lefko bought this bored ape for 94 ETH one month ago before the @Adidas partnership announcement. Bored Pizza is one of the rarest traits.

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143 Noble Street, 420 Seventh Avenue, 426 Seventh Avenue, 428 Seventh Avenue, 368 Court Street, 475 Sixth Avenue, 1501 Eighth Avenue, 159 Newel Street, 231 Sullivan Street, 235 Sullivan Street, 164 First Avenue & 53-55 Stone Street

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