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

Property Image
FINANCED
$1,115,000

New York

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MultiFamily5,618 SF
Financed 04/15/2025
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Property Image
FINANCED

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

233 East 60th Street

See Similar Deals
MultiFamily5,618 SF
Financed 04/15/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:5,618 SF
Transaction Type:Loan

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:

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.

Players

Joshua Malekan
Bridge Advisory Group
Joshua Malekan
36 deals$130.7M volume
BROKER
Ushjo
Ushjo
LENDER
HudsonPoint Group
HudsonPoint Group
LENDER

Details

FINANCED
IMAGE: Sage Usher, Matt Sherr & Joshua Malekan DATE: 04/15/2025 ADDRESS: 233 East 60th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: Multifamily ~ SF: 5,618 ~ UNITS: 5 LENDER: HudsonPoint Group (@HudsonPoint) - Matt Sherr (@MattSherr) & USHJO - Sage Usher LANDLORD: Tarun Narravula BROKER: Joshua Malekan (@ShlomoMalekan) - Bridge Advisory Group (@BridgeAdvisoryGroup) LOAN AMOUNT: $1,115,000 LOAN TYPE: Bridge NOTE FROM BROKER: Bridge Advisory Group's Capital Advisory team is pleased to announce the successful facilitation of a bridge loan closing on 233 E 60th Street in just five days. The loan was provided by HudsonPoint Group, a leading provider of flexible capital solutions.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,115,000.00

Monthly NOI$7,433.33
Monthly Debt Service$7,047.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00