Martin Nussbaum & David Schwartz Of SCALE Lending Provide $45 Million Construction Loan In Harlem
$45,000,000
Building Size
—
Asset Type
Condo
Closing
Jul 9, 2026
About this deal
AI
The property involved in this transaction is a condo located on West 135th Street in Harlem, Manhattan. The loan amount for this construction project is $45,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $45,000,000
- Lender: Martin Nussbaum & David Schwartz - SCALE Lending
- Landlord's Representative: Morris Betesh, Omar Ferreira & Brandon Serota - Arrow Real Estate Advisors
- Loan Type: Construction
The deal features key stakeholders, including Martin Nussbaum and David Schwartz representing SCALE Lending as the lenders. The landlord's representation comes from Morris Betesh, Omar Ferreira, and Brandon Serota from Arrow Real Estate Advisors.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Deal FAQ
Browse New York condo loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93