Artimus Secures $220 Million Refinance From Bank Hapoalim For Multifamily Property In Harlem

The multifamily property located at 1440 Amsterdam Avenue in Harlem, Manhattan encompasses 468,706 square feet and consists of 490 units. The property has been refinanced with a loan amounting to $220,000,000 from Bank Hapoalim, replacing $210 million in prior debt from Valley National Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $220,000,000
• Address: 1440 Amsterdam Avenue
• Market: Harlem, Manhattan
• Asset Size: 468,706 square feet
• Units: 490
• Lender: Bank Hapoalim (BHI)
• Landlord: Yoav Haron - Artimus
• Loan Type: Refinance

The refinancing transaction was facilitated by the landlord, Yoav Haron, representing Artimus. This deal showcases the financial restructuring of their 490-unit building in Harlem through the loan from Bank Hapoalim.