Paradise Management And Joel Kiss Of Northeast Capital Group Secure $100M Loan For Dunbar Apartments In Harlem

The asset involved in this transaction is a multifamily property located at 226 West 150th Street in Harlem, Manhattan, consisting of 537 units. The total loan amount for this property is $100,000,000, which is being utilized to refinance an existing loan of $83.96 million.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $100,000,000
• Address: 226 West 150th Street
• Market: Harlem, Manhattan
• Units: 537
• Lender: Societe Generale & 3650 Capital
• Landlord: Paradise Management & Joel Kiss - Northeast Capital Group

The financing was provided to the owners, Paradise Management and Northeast Capital Group, by Societe Generale and 3650 Capital, facilitating the retirement of the previous loan. This transaction highlights the roles of the lenders and landlords in this significant financing arrangement.