PCCP Refis Long Island Apartments With $154M Loan
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in November 2026: $711M across 8 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
Rechler Equity Partners has landed a $154.25 million loan to refinance a multifamily asset on Long Island, Commercial Observer has learned. PCCP provided the loan for the 335-unit Greybarn Amityville property in Amity…
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