Acuity Capital lands $324M refi on 28-building multifamily portfolio

Properties are largely concentrated in Manhattan and evenly split between market rate and rent stabilized buildings

New York /
Feb.February 21, 2020 05:14 PM
201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

Acuity Capital Partners has landed a $324 million refinancing for a portfolio of 28 multifamily buildings in New York City, according to sources familiar with the deal.

The money comes from CCRE and Key Bank, and the vast majority of the properties are located in Manhattan, including at 201 West 92nd Street, 200 West 93rd Street and 78 Riverside Drive. The refinancing also went to 480 Humboldt Street in East Williamsburg.

The portfolio is split about 50/50 between rent-stabilized and market rate properties.

Commercial Observer first reported news of the transaction.

Henry Bodek of Galaxy Capital brokered the deal. He declined to comment on it. Representatives for Acuity Capital, CCRE and Key Bank did not respond to requests for comment.

CCRE just provided the Chetrit Group with $112 million in refinancing for its Hotel Bossert project at 98 Montague Street in Brooklyn Heights in December.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Here’s what the $10M-$30M NYC investment sales market looked like last week
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

New York’s multifamily market had its slowest first half of the year since 2011
Slate Property's CEO Martin Nussbaum (West End 87)

Scale Lending originates $38M inventory loan for unsold UWS condos

Scale Lending originates $38M inventory loan for unsold UWS condos
 One Union Square South (StreetEasy)

Argentinian firm revealed as buyer of Related’s One Union Square

Argentinian firm revealed as buyer of Related’s One Union Square
2544 Valentine Avenue in the Bronx (Photo via Black Bear Capital Partners)

Bronx rent-stabilized multifamily portfolio nabs $186M loan

Bronx rent-stabilized multifamily portfolio nabs $186M loan
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
(Simone Golob/Getty)

Workers in prime earning years are struggling to pay rent: Survey

Workers in prime earning years are struggling to pay rent: Survey
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...