Timber Equities Secures $55 Million Loan From MF1 Capital For Marble Hill Multifamily Asset

The property asset involved in the transaction is a multifamily building located at 170 West 225th Street in Marble Hill, Manhattan, comprising 115 units. The property is associated with a cash-out refinance loan amounting to $55,000,000 under the terms of 2+1+1, Bridge Lease-Up.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,000,000
• Lender: MF1 Capital
• Landlord: Timber Equities
• Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital

The key individuals involved in this transaction include Meir Kessner and David Eisen, who represent Timber Equities through Seven Stone Capital. Additionally, Joseph Seidenfeld and Michael Squires are also noted in relation to this deal.