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Citigroup Refis East Village Apartment Building With $45M CMBS Loan

Benchmark Real Estate Group has sealed $44.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a multifamily property in Manhattan’s East Village, Commercial Observer has learn

Summary

Benchmark Real Estate Group has sealed $44.

5 million of commercial mortgage-backed securities (CMBS) debt to refinance a multifamily property in Manhattan’s East Village, Commercial Observer has learned.

Citigroup provided the CMBS loan for the 61-unit, six-story apartment building at 194 East Second Street that Benchmark acquired from Skyline Developers in 2024 for $43 million. JLL […]

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