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Rockpoint, Brooksville Secure $275M Refi on Wall Street Multifamily
Newmark arranged a $275-million loan to refinance 63-67 Wall St., a two-tower multifamily asset located in Lower Manhattan’s Financial District. Co-president of Global Debt & Structured Finance Jordan Roeschlaub and vice chairmen Nick Scribani and Chris Kramer arranged the financing for owners Rockpoint and Brooksville Company. Apollo Global Management provided the funding.
Rockpoint and Brooksville acquired 63-67 Wall St. in 2016 from DTH Capital and Metro Loft Management. The two companies have since invested extensively in apartment renovations, fully upgraded common areas and amenity space and a reconfiguration of the retail space.
The 816-unit residential complex, which occupies a full block between Beaver and Hanover streets, was originally constructed as two separate office buildings. 67 Wall St. was built in 1921 as the headquarters for the Munson Shipping Company, and 63 Wall St. was built in 1928 as the headquarters for Brown Brothers Harriman & Co. The buildings were converted into apartments in 2006 and 2004, respectively.
- ◦Financing
