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 secured by co-president global debt & structured finance Jordan Roeschlaub and vice chairman Chris Kramer in collaboration with senior managing director Peter Griesinger. Apollo Global Management provided the funding.
According to Kramer, this deal highlights our continued dedication to developing top-tier residential and commercial spaces in New York City, ultimately improving both the living and business environment in Brooklyn. We are grateful for the opportunity to have been involved in this transaction.
The Greenpoint is a luxury multifamily property located in Brooklyn that was developed back in 2018. It offers 368 rental apartments with stunning views of Manhattan’s skyline from every unit. Standing at 400 feet tall with 40 stories, it also features over 46,000 square feet of commercial space as well as a parking garage with room for up to 297 vehicles. Its prime location near the New York City ferry and G subway stop provides residents easy access to transportation options within the city.
