Rane Property Management Secures $70M Bridge Loan For Buffalo Multifamily | 70 Blue Point Lane | TPG Real Estate Finance Trust | Keegan Burger, David Larson, Daniel Rafael Rojo, Kevin O’Grady | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

The multifamily property located at 70 Blue Point Lane in Buffalo has been involved in a closed transaction. The property consists of 376 units and was part of the market in Buffalo.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $70,000,000
Address: 70 Blue Point Lane, Buffalo
Market: Buffalo
Units: 376

In this transaction, the loan for the property was provided by TPG Real Estate Finance Trust. The loan was a bridge loan type, with non-recourse terms that lasted for 3 years.

Rane Property Management, represented by Tony Cutaia, acted as the landlord in this deal. The brokers involved in the transaction were Kevin O’Grady, David Larson, Keegan Burger, and Daniel Rojo from Concord Summit Capital.

Players

All
6

Agents
4
Agencies
1
Lenders
1

Senior Financial Analyst

Kevin O’Grady

Partner & Managing Director

Concord Summit Capital

TPG Real Estate Finance Trust

Details

Deal Summary

FINANCED

IMAGE: Kevin O’Grady, David Larson, Tony Cutaia, Keegan Burger & Daniel Rojo DATE: 04/25/2022 ADDRESS: 70 Blue Point Lane MARKET: Buffalo ASSET TYPE: Multifamily ~ UNITS: 376 LENDER: TPG Real Estate Finance Trust LANDLORD: Rane Property Management - Tony Cutaia BROKERS: Kevin O’Grady, David Larson, Keegan Burger & Daniel Rojo - Concord Summit Capital LOAN AMOUNT: $70,000,000 LOAN TYPE: Bridge LOAN TERMS: 3-year non-recourse

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Address70 Blue Point Lane

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