L&M Development Partners Refinances 91-Unit Harlem Multifamily Building With $36.9M Loan From Lument

The property involved in this transaction is a multifamily asset located at 235 Central Park North in Harlem, Manhattan. The building encompasses a total square footage of 86,124 and consists of 91 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,900,000
• Address: 235 Central Park North
• Market: Harlem, Manhattan
• Lender: James P. Flynn - Lument
• Landlord: Lisa Gomez - L+M Development Partners
• Loan Type: Refinance
• Prior Debt: $32,000,000 from Goldman Sachs

This refinancing transaction was executed by L+M Development Partners, which is represented by Lisa Gomez. The loan was facilitated by James P. Flynn, representing Lument, establishing a new financing structure for the property.