Greystone Provides $7.25M Loan For Multifamily Property On Upper West Side

The multifamily property located at 150 West 84th Street in the Upper West Side has been involved in a loan transaction. The property encompasses approximately 13,000 square feet and comprises 20 units. The deal was finalized on December 4, 2020.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,250,000
• Market: Upper West Side
• Address: 150 West 84th Street
• Lender: greystone''>Greystone
• Landlord: Dhiren Mehta
• Broker: Simon Rosenfeld - Meridian Capital Group

The loan, provided by Greystone, was secured for a term of 10 years with a fixed interest rate of 2.93%. The loan amount of $7,250,000 will support the ongoing ownership and management of the property, which features 20 residential units and spans 13,000 square feet. Simon Rosenfeld from Meridian Capital Group represented the landlord, Dhiren Mehta, in the deal.