Delshah Capital Secures $180M Loan For Development Site On Morningside Drive

A $180 million loan was secured for a development site located at 30 Morningside Drive in Morningside Heights. The property, which consists of 205 units, was financed by Arbor Realty Trust, with Alexander Kaushansky representing the lender. The landlord of the site is Delshah Capital, with Michael Shah as the representative.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $180,000,000
• Address: 30 Morningside Drive
• Market: Morningside Heights

The loan provided by Arbor Realty Trust, led by Alexander Kaushansky, allows for the development of the site on 30 Morningside Drive. Delshah Capital, represented by Michael Shah, serves as the landlord for this project.