BentallGreenOak and Slate Property Group have secured a $248 million refinancing of The Biltmore, a 464-unit luxury apartment building that has 47,397 square feet of commercial space located in New York City's Midtown West submarket. Newmark arranged the loan in an effort led by Co-Heads of Newmark Debt & Structured Finance Jordan Roeschlaub and Dustin Stolly, along with Senior Managing Directors Nick Scribani and Chris Kramer.
Square Mile Capital and Clarion Partners provided the loan.
The recently upgraded asset features a renovated lobby, full floor of amenities and modernized elevator systems.
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