Wednesday, November 11, 2026Commercial real estate news
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Multifamily refinancing / NEWS

Citi Provides $104 Million Refinancing for Manhattan Apartment Portfolio

JLL arranged the financing for AYA New York’s two-property, 233-unit portfolio, which was approximately 97% occupied at closing.

Refinancing covers Upper East and Upper West Side properties

AYA New York has refinanced two Manhattan apartment properties with a $104 million loan from Citi, REBusinessOnline reported on November 12, 2026. JLL arranged the debt for the owner. The report establishes that the financing closed but does not specify the closing date. JLL Arranges $104M Loan for Refinancing for Manhattan Multifamily Portfolio - REBusinessOnline

The financing covers 233 apartments across two neighborhoods, according to the report: 151 at Renoir House, at 225 E. 63rd St. on the Upper East Side, and 82 at 120-125 Riverside Drive on the Upper West Side. JLL Arranges $104M Loan for Refinancing for Manhattan Multifamily Portfolio - REBusinessOnline

REBusinessOnline put combined occupancy at approximately 97% when the loan closed. The transaction refinances AYA’s existing residential holdings rather than funding an acquisition or new construction. JLL Arranges $104M Loan for Refinancing for Manhattan Multifamily Portfolio - REBusinessOnline