$6.8MM Multifamily Property Acquisition|New York, NY

Structured and arranged long-term, fixed-rate senior debt for the acquisition of a 44-unit, rent-stabilized building in the Washington Heights neighborhood of Manhattan.

Challenges

Rent-stabilized units and a non-conforming ground floor retail unit prevented lenders from underwriting to the building’s full value, reducing initial loan proceeds.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057