MFI Capital Provides $68.5M Construction Loan For East Harlem Multifamily Property

212 East 125th Street

$68,500,000

$485/SF

Building Size

141,000 SF

Asset Type

MultiFamily

Closing

Sep 15, 2023

AI

The property involved in the transaction is a multifamily building located at 212 East 125th Street in East Harlem, Manhattan. The building consists of 113 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $68,500,000
Lender: MFI Capital
Landlord: Certes Partners - Elan Hakimian, Sunder Jambunatha, and The Hakimian Organization
Brokers: Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm - Newmark

The loan provided for this transaction is a construction loan. The lender, MFI Capital, has agreed to lend a total of $68,500,000 for the development of the multifamily property at 212 East 125th Street.

Players