Finance Deals of the Week: Madison Realty Capital’s $485 Million Brooklyn Loan
The top five finance deals from June 3 to June 7
By The Editors June 10, 2024 6:00 am
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The first week of June featured a number of triple-digit commercial real estate financings throughout New York City. That was led by a $485 million loan from Madison Realty Capital to recapitalize The Rabsky Group’s 1,098-unit multifamily asset at 625 Fulton Street in Downtown Brooklyn. Rabsky also landed $228 million of construction financing from G4 Capital Partners to build a 604-unit residential tower across two parcels of land in Gowanus, Brooklyn. Here are the rest of the deals.
| Loan Amount | Lender | Borrower | Address | Property Type | Broker |
|---|---|---|---|---|---|
| $485 million | Madison Realty Capital | The Rabsky Group | 625 Fulton Street; Downtown Brooklyn | Multifamily | Galaxy Capital's Henry Bodek |
| $228 million | G4 Capital Partners | The Rabsky Group | 395 Carroll Street and 313/325 Bond Stree; Gowanus, Brooklyn | Multifamily | N/A |
| $210 million | Valley National Bank | Artimus | 1440 Amsterdam Avenue; Harlem | Multifamily | N/A |
| $160 million | Affinius Capital | The Jay Group | 101 Fleet Place; Downtown Brooklyn | Multifamily | Galaxy Capital's Henry Bodek |
| $100 million | Morgan Stanley (MS) and Deutsche Bank (DB) | The Feil Organization | 488 Madison Avenue; Midtown Manhattan | Office | Estreich and Company's Jonathan Estreich |
Finance Deals of the Week reflect deals closed or announced from June 3 to June 7. Information on financings can be sent to editorial@commercialobserver.com.
Henry Bodek, Jonathan Estreich, Affinius Capital, Boca Paila, Centennial Bank, Deutsche Bank, Estreich and Company, Feil Organization, Fuse Group, G4 Capital Partners, Galaxy Capital, Madison Realty Capital, Morgan Stanley, Rabsky Group, The Jay Group
