HudsonPoint Group Provides $1.115M Bridge Loan For Tarun Narravula's Multifamily Property In Manhattan

The property involved in this transaction is a multifamily asset located at 233 East 60th Street in the Lenox Hill market of Manhattan. The asset consists of 5 units and offers a total square footage of 5,618. A bridge loan was secured for the property, amounting to $1,115,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,115,000
• Address: 233 East 60th Street
• Market: Lenox Hill, Manhattan
• Square Footage: 5,618
• Units: 5
• Lender: HudsonPoint Group
• Loan Type: Bridge
• Landlord: Tarun Narravula
• Broker: Joshua Malekan - Bridge Advisory Group
• Loan Representatives: Matt Sherr & Sage Usher

The successful facilitation of the bridge loan was handled by Bridge Advisory Group's Capital Advisory team, which accomplished the closing in just five days. HudsonPoint Group provided the financing, known for their commitment to flexible capital solutions.