LIHC Investment Group Secures $25.9M Refinance Loan From Lument For Harlem Multifamily Properties

The multifamily asset is located at 1990 Adam Clayton Powell Junior Boulevard and 1995 Adam Clayton Powell Junior Boulevard in Harlem, Manhattan. The properties encompass a total of 91,675 square feet across 84 units and are part of a refinancing transaction valued at $25,900,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $25,900,000
• Asset Size: 91,675 sq. ft
• Units: 84
• Address: 1990 Adam Clayton Powell Junior Boulevard & 1995 Adam Clayton Powell Junior Boulevard
• Market: Harlem, Manhattan
• Landlord: Marci Booth
• Company: LIHC Investment Group
• Loan Type: Refinance
• Lender: Lument Real Estate Capital

Marci Booth represents LIHC Investment Group in the transaction, securing the refinance loan for the two residential properties in Harlem. The deal consolidates funding for these assets, enhancing the financial structure associated with the landlord's portfolio in the area.