LoanCore Capital Provides $92M Loan For 203 W 107th St, NY Multifamily

The multi-family property at 203 W 107th St, New York, NY, 10025, located in the Manhattan Valley neighborhood, was part of a four-building portfolio acquisition. The property, purchased for $116 million, consists of 219 rental apartments spread across 230,000 square feet. The buyer, Isaac Kassirer of Emerald Equity Group, expanded his initial contract to include this property previously owned by the Orbach Group.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $116,000,000.00
• Market: New York
• Borrower's Rep: Marvin Jeremias (Crossmark Capital)
• Lender: LoanCore Capital
• Loan Amount: $92,000,000.00

Rosewood Realty Group’s Aaron Jungreis facilitated the deal between the parties, while Meridian Capital Group's Marvin Jeremias was responsible for brokering the $92 million acquisition loan from LoanCore Capital, enabling the completion of the transaction.