Josef Goodman, Jake Sokol & Dan Smillow Secure $40.75M Loan For Multifamily Development In West Harlem

The property asset involved in this transaction is located at 16-20 Convent Avenue in the West Harlem market. It is a multifamily property comprising 76,260 square feet and consists of 84 units. The transaction involved a construction loan valued at $40,750,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $40,750,000
• Address: 16-20 Convent Avenue
• Market: West Harlem
• Asset Size: 76,260 square feet
• Units: 84
• Lender: Affinius Capital & Axonic Capital
• Landlord: Josef Goodman, Jake Sokol & Dan Smillow - Haussmann Development
• Landlord's Rep: Alan Blank, Cecelia Galligan & Crawford Bundy - Cushman & Wakefield
• Loan Type: Construction

The deal was represented by the landlord's representatives, Alan Blank, Cecelia Galligan, and Crawford Bundy from Cushman & Wakefield. These individuals contributed to facilitating the agreement between the landlord and the lenders involved in the construction financing.