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

Property Image
FINANCED
$100,000,000

New York

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MultiFamily
Financed 09/08/2025
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Property Image
FINANCED

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

226 West 150th Street

See Similar Deals
MultiFamily
Financed 09/08/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Societe Generale
Societe Generale
LENDER
3650 Capital
3650 Capital
LENDER
NG
Northeast Capital Group
LANDLORD
NG
Northeast Capital Group
LANDLORD

Details

FINANCED
IMAGE: 09/08/2025 ADDRESS: 226 West 150th Street MARKET: Harlem, Manhattan ASSET TYPE: Multifamily ~ UNITS: 537 LENDER: Societe Generale (@SocieteGenerale) & 3650 Capital LANDLORD: Paradise Management & Joel Kiss - Northeast Capital Group LOAN AMOUNT: $100,000,000 NOTE: Societe Generale and 3650 Capital provided $100 million in mortgage financing for the 537-unit Dunbar Apartments in Harlem, allowing owners Paradise Management and Northeast Capital Group to retire an $83.96 million loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00