Signature Bank Provides $189.4M Refinance Loan For Multifamily Properties In Upper West Side And Harlem

Located in the Upper West Side and Harlem area of New York City, the properties at 233 West 109th Street, 223 West 109th Street, and 229 West 115th Street have recently been involved in a closed transaction. With a total square footage of 503,565, these multifamily assets have caught the attention of investors.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $189,382,048
• Address: 233 West 109th Street, 223 West 109th Street, 229 West 115th Street
• Market: Upper West Side & Harlem
• Lender: Signature Bank
• Landlord: Black Spruce Management
• Loan Type: Refinance

The transaction involved a refinancing loan provided by Signature Bank. As the lender, Signature Bank facilitated the process, showing their confidence in the properties. Black Spruce Management, acting as the landlord, played a significant role in the transaction.