CB-Emmanuel Realty Secures $43.2M Construction Loan For Harlem Properties

The property asset involved in the transaction is a Multifamily building located at 102 West 119th Street & 1971 7th Avenue in Harlem, Manhattan. The property spans approximately 51,487 square feet and the loan amount secured for its rehabilitation is $43,200,000. The lender for this construction loan is Michael T. Pugh from Local Initiatives Support Corporation, while the landlord is R. Christopher Bramwell Jr from CB-Emmanuel Realty.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $43,200,000
• Address: 102 West 119th Street & 1971 7th Avenue
• Market: Harlem, Manhattan
• Lender: Michael T. Pugh - Local Initiatives Support Corporation
• Landlord: R. Christopher Bramwell Jr - CB-Emmanuel Realty

CB-Emmanuel Realty, represented by CB ANCP 2018 LLC, successfully secured the $43.2 million rehab construction loan from Local Initiatives Support Corporation for four properties in Harlem, Manhattan, consisting of residential buildings.