Novis Living Secures $31.2M Construction Loan For Harlem MultiFamily Properties

The multi-family property located at 204 West 120th Street, 2350 Frederick Douglass Boulevard & 305 West 126th Street in Harlem, Manhattan, has undergone a significant renovation with a construction loan amounting to $31,200,000. The properties consist of four residential walkup buildings totaling 54 units.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $31,200,000
• Lender: Local Initiatives Support Corporation - Bob Cooney
• Landlord: Asher Toporovsky - Novis Living
• Loan Type: Construction

Novis Living, operating under the name Harlem Homeownership Partners LLC, secured the renovation construction loan from Local Initiatives Support Corporation for the property. Bob Cooney from Local Initiatives Support Corporation facilitated the loan on behalf of Novis Living, represented by Asher Toporovsky, in this transaction.