JP Morgan Chase Provides $26 Million Loan For Acquisition Of Multifamily Asset In Lincoln Square

The asset involved in the transaction is a multifamily building with a total of 83 units located at 10 West 65th Street in the Lincoln Square market. The loan amount secured for the acquisition is $26,000,000 with a 3-year term that features full term interest-only payments at a fixed interest rate of 5.87%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Loan Type: Acquisition
• Loan Terms: 3-year term, full term interest-only, 5.87% fixed interest rate
• Lender: JP Morgan Chase
• Address: 10 West 65th Street
• Market: Lincoln Square
• Units: 83
• Broker Representatives: Naphtali Marrus & Benjamin Nevid - Meridian Capital Group

Naphtali Marrus and Benjamin Nevid from Meridian Capital Group represented the financing process for this multifamily property acquisition, providing expertise in securing the favorable loan terms from JP Morgan Chase. For inquiries into their services, contact details for each broker are provided: Naphtali Marrus can be reached at [email protected] or (646) 502-3465, and Benjamin Nevid at [email protected] or (212) 612-0126.