Apollo Secures $570 Million in Manhattan Housing Financing

Apollo Global Management is actively involved in financing significant real estate projects in Manhattan, lending $180 million to refinance NYU's largest student housing property, Lafayette Hall, which accommodates over 1,000 students. In a separate transaction, Apollo provided a $275 million loan to refinance 63-67 Wall Street, a historic two-tower multifamily complex that has been owned by Rockpoint and Brooksville since 2016. The 63-67 Wall Street property features 816 units and has undergone renovations to enhance its amenities. Additionally, The Jay Group secured $115 million in construction financing for a new mixed-use residential building at 401 West 207th Street, which will include affordable housing options. This building is nearing completion and will feature 273 units along with commercial space. Apollo's involvement in these projects highlights its significant role in New York City's real estate financing landscape.