Dealmaker: Newmark Arranges $275M to Refinance N.Y. Luxury Residential Property

(Image courtesy of Rockpoint)

Newmark, New York, arranged a $275 million loan to refinance a multifamily asset in New York City.

Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairmen Nick Scribani and Chris Kramer arranged the financing on behalf of owners Rockpoint, a Boston-based real estate private equity firm, and Brooksville Co., a vertically integrated real estate investment and management firm.

Apollo Global Management provided the funding.

The property—63-67 Wall Street—features 816 units. It was originally constructed as two separate office buildings and later converted into apartments in 2004 and 2006. Rockpoint and Brooksville Co., acquired the property in 2016.