Debt & Equity

Apollo funds GreenOak, Slate condo acquisition

JLL Capital Markets team arranged a $48.7 million loan to refinance the acquisition and redevelopment of 150 West 82nd Street, a boutique condominium on the Upper West Side.

The group worked on behalf of GreenOak Real Estate LP and Slate Property Group to place the loan with Apollo Global Management LLC.

Aaron Appel, Vice Chairman; Keith Kurland, Adam and Jonathan Schwartz, Managing Directors; Michael Diaz, Executive Vice President; and Patrick Heitmann, Analyst, led the JLL Capital Markets team handling the debt assignment.

The 10-story 150 West 82nd Street is located between Columbus and Amsterdam avenues on the Upper West Side. The owners plan a condominium conversion of the property. When completed, 150 West 82nd Street will offer a resident lounge, gym, private backyard, private roof deck, bike and private storage.

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