Scharfman Organization Secures $20.9M Refinancing From J.P. Morgan Chase For Upper West Side Properties

The transaction involves refinancing for two residential elevator buildings situated at 2261 Broadway and 265 West 81st Street in the Upper West Side market. The asset encompasses a total of 100,491 square feet and includes 79 units. The refinancing amount secured was $20,900,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,900,000
• Asset Square Footage: 100,491
• Units: 79
• Lender: J.P. Morgan Chase
• Landlord: Scharfman Organization
• Loan Type: Refinance

Scharfman Organization was the entity that secured the refinancing from J.P. Morgan Chase, focusing on the two multi-family residential properties within a vibrant urban setting, further enhancing their investment portfolio.