Joseph Seidenfeld Of Timber Equities Secures $21 Million Construction Loan For Development Site In Inwood

The asset involved in this transaction is a development site located at 5055 Broadway in Inwood, Manhattan. The property encompasses a building square footage of 43,203 and is intended for a 60-unit residential project. The loan secured was for a construction type, amounting to $21,000,000.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $21,000,000
• Address: 5055 Broadway
• Market: Inwood, Manhattan
• Asset Square Footage: 43,203
• Lender: Bank Hapoalim (BHI)
• Landlord: Joseph Seidenfeld - Timber Equities
• Loan Type: Construction

Key individuals involved in this transaction include Joseph Seidenfeld, representing Timber Equities as the landlord, who facilitated the acquisition of the loan through Bank Hapoalim for the development project.