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Michelman & Robinson Closes $105 Million Leveraged Buyout

July 9, 2015

On July 9, 2015, Mark Zafrin and Mark Frimmel closed a leveraged buyout of a 499-bed Nursing Home in Manhattan (Dewitt Rehab) for $105,000,000.00, including a $90,000,000.00 bridge to HUD from KeyBank. 

The property is located on the Upper East Side of Manhattan and has always been looked upon as the most significant site in Manhattan available for eventual re-development into condominiums.