News: Brokerage

Filler Capital secures $78 million refinance
for Better Living Properties’ portfolio

Rendering of 210 Rivington - Brooklyn, NY

Manhattan/Brooklyn, NY Filler Capital LLC has arranged a $78 million refinance for the Better Living Properties portfolio, a 204-unit collection of multifamily and mixed-use properties across Manhattan and Brooklyn, owned by Better Living principals Jonathan and Ariel Soudry. The financing, provided by Citi Group and led by Eric Mirvis and Joseph Dyckman, refinances an existing $70 million facility.

The portfolio features locations throughout the Lower East Side, East Village, and Brooklyn, with properties along Stanton St., Orchard St., Rivington, East Houston, East 7th St., Flatbush Ave., and Brighton 7th St.

Filler Capital wrapped the deal in 45 days, beating a pending loan maturity and executing one of the East Village’s largest refinances this year.

“This was a fast, highly complex transaction, and it came together because of our relationships and ability to move under pressure,” said Isaac Filler of Filler Capital, who led the financing alongside Michael Neumann and Yossi Koschitzki. “We paired a best-in-class sponsor with a top lender and got it done on the timeline our client needed.”

This marks Filler Capital’s second financing over $75 million in New York City in the past 30 days.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent