Metropolitan Realty Group's Scott Jaffee Secures $97.6 Million Refinance For 272-Unit Villa Hermosa Apartments

The asset involved in the transaction is the Villa Hermosa Apartments, a multifamily property located at 1600 Madison Avenue in East Harlem, featuring a total of 272 units. The transaction was a refinance executed for an amount of $97,600,000, facilitated by a HUD-insured, non-recourse loan from Greystone.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $97,600,000
• Units: 272
• Address: 1600 Madison Avenue
• Market: East Harlem
• Lender: Greystone
• Landlord: Scott Jaffee - Metropolitan Realty Group
• Broker Representatives: Eric Rosenstock & Jeff Englund - Greystone
• Loan Type: Refinance

This transaction saw Scott Jaffee from Metropolitan Realty Group acting as the landlord, while Greystone provided the necessary financing through Eric Rosenstock and Jeff Englund, representing the lender in the deal.