Newmark has successfully arranged a $159 million loan for Mack Real Estate Group, LLC and its partners, including the State Teachers Retirement System of Ohio. The financing was provided by Apollo Global Management to refinance The Greenpoint, a luxury multifamily property located in Brooklyn.
The deal was secured by Jordan Roeschlaub, co-president of global debt & structured finance at Newmark, along with Chris Kramer who serves as vice chairman. Peter Griesinger also played a key role as senior managing director in securing the financing.
According to Kramer, this transaction highlights their dedication towards developing high-quality residential and commercial spaces in New York City. This will not only enhance the living environment but also contribute to improving business opportunities in Brooklyn. He expressed gratitude for being part of this deal.
Built-in 2018, The Greenpoint offers 368 rental apartments with stunning views of Manhattan’s skyline. Standing tall at 400 feet and spanning across 40 stories high,the property also features over 46 thousand square feet of commercial space along with a parking garage that can accommodate up to297 vehicles.Residents can enjoy convenient access to transportation options such as the New York City ferry and G subway stop from this prime location.
