119 W. 24th St., part of the Kaufman Madison Square portfolio/ Image credit: the Kaufman Organization
NEW YORK CITY—The Kaufman Organization received a $120 million refinancing loan for its Madison Square portfolio. The assets comprise four properties in Midtown South's Flatiron and NoMad neighborhoods. The property addresses are 13 W. 27th St., 45 W. 27th St., 19 W. 24th St. and 119 W. 24th St.
Capital One, NA provided the three-year financing, structured as a first mortgage.
The in-house Kaufman New Ventures team comprised Michael Kazmierski, principal and director of acquisitions, and associate Lorenzo Bakewell-Stone. Olshan Frome Wolosky, LLP provided legal representation for the borrower. The lender's attorneys were Morrison & Foerster.
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