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Newmark’s Stolly & Roeschlaub Arrange Refis for Meadow Partners and Davean
In two separate transactions, Newmark arranged a $27-million refinancing of 426-430 E. 14th St. on behalf of Meadow Partners and a $26-million refi on 103-105 MacDougal St. on behalf of Meadow Partners and Davean Holdings.
The team was led by Dustin Stolly and Jordan Roeschlaub, co-heads of Newmark’s Debt & Structured Finance team, along with senior managing directors Nick Scribani and Christopher Kramer, and director Eden Abraham. Sterling National Bank provided the loans.
“These transactions, which were heavily competed for, demonstrate the availability of highly efficient debt capital for transitional NYC multi-family assets despite the challenges that the market has experienced over the past year and a half,” said Stolly.
Roeschlaub added, “The Meadow and Davean teams have done an exemplary job of executing their business plans at these two assets and have created the sort of product that has experienced robust demand from both residential and retail tenants.”
Pictured: 103-105 MacDougal St., courtesy of Davean Holdings.
- ◦Financing
