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$159M Refi Goes to Greenpoint Multifamily Tower
Newmark arranged a $159-million loan on behalf of Mack Real Estate Group, LLC and its partners, including the State Teachers Retirement System of Ohio, to refinance The Greenpoint, a luxury multifamily property in Brooklyn. Apollo Global Management provided the financing.
The financing was secured by co-president global debt & structured finance Jordan Roeschlaub and vice chairman Chris Kramer, in collaboration with senior managing director Peter Griesinger.
“This deal signifies the ongoing commitment to fostering high-quality residential and commercial spaces in New York City, enhancing both the living and business environment in Brooklyn,” said Kramer. “We’re grateful to have worked on this transaction.”
Developed in 2018, The Greenpoint offers 368 rental apartments with unobstructed views of the Manhattan skyline. The 400-foot-tall, 40-story property also includes 46,176 square feet of commercial space and a 297-space parking garage. Residents benefit from its proximity to the New York City ferry and G subway stop.
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- ◦Financing
