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Newmark Arranges $280M Refi for Vanbarton Apartments

Newmark has arranged a $280-million loan on behalf of owner and developer Vanbarton Group to refinance the Quincy and Hollingsworth, two vertically integrated, highly amenitized Class-A multifamily properties comprising 455 units in Midtown Manhattan. 

The financing was secured from Invesco by Newmark co-head of Global Debt & Structured Finance Jordan Roeschlaub, vice chairman Christopher Kramer, director Chris Lozinak and senior associate Capri Van Gilder, in collaboration with co-head of U.S. Capital Markets Adam Spies and executive vice chairman Adam Doneger.

Located at 980 Sixth Ave. and 70 W. 37th St., respectively, Quincy and Hollingsworth consist of luxury market-rate multifamily units, 8,600 square feet of ground-floor retail and 120 parking spaces. The unit mix ranges from studios to expansive two-bedroom layouts, all featuring high-end finishes and contemporary design. The properties feature bespoke amenities including a landscaped rooftop terrace at Hollingsworth, luxury fitness studios, 24-hour doormen, co-working spaces and reservable resident lounges.

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Newmark's Roeschlaub

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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