MaryAnne Gilmartin refinancing newly completed Chelsea resi building
MAG Partners’ MaryAnne Gilmartin should have a spring in her step with the success unfolding at the Mabel in Chelsea. MAG scored a $148.7 million bridge loan from Goldman Sachs Alternatives to refinance the construction debt at 355 Eighth Avenue, the Commercial Observer reported. The 188-unit development was completed within the last year and is already approaching full occupancy. A JLL team including Jillian Mariutti, Geoff Goldstein and Stephen Van Leer arranged the loan. MAG’s Jeff Rosen handled the deal in-house for the firm. Mariutti said the property’s “strong leasing out of the gate, a high-quality mixed-income program and a […]
This article originally appeared on The Real Deal. Click here to read the full story.
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