JLL Capital Markets arranged a $154.25-million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, NY, owned by Rechler Equity Partners. Senior managing directors Peter Rotchford and Andrew Scandalios and director Clayton Ross arranged the financing through PCCP, LLC.
“Lenders are looking closely at how a multifamily property performs today and at the owner’s ability to keep it competitive over time,” said Rotchford. “Greybarn brought together established residential demand, a strong amenity offering and an owner that developed and continues to manage the property, all factors that helped us secure substantial financing in a market where lenders remain selective.”
Developed by Rechler in three phases between 2016 and 2020, Greybarn is located at 805 Broadway in Amityville on Long Island’s South Shore. It features 335 apartments and 37,737 square feet of ground-floor retail space. It’s a fully stabilized property in a market with limited new construction.
RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...
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Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
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Northmarq’s Midwest Investment Sales team, led by Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone, in collaboration with its Chicago Debt + Equity team led by Brett Hood, arranged the $17.175 million sale and $13.779 million acquisition financing of Village at Grant Square, a 204-unit garden apartment located at 7349 Grant St. in Omaha,...
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Central CA Commercial | California
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