David Schwartz Of Sugar Hill Capital Partners Secures $67.25 Million Refinance Loan For Multifamily Portfolio

The transaction involves a 13-building, 392-unit multifamily portfolio located in Upper Manhattan and Brooklyn, encompassing addresses such as 254 Seaman Avenue, 139 Payson Avenue, 98–102 Cooper Street, 4848 Broadway, 255–259 West 116th Street, 615 West 136th Street, 561–563 West 140th Street, 256 Seaman Avenue, 4103 7th Avenue, 4109 7th Avenue, 1043 Sterling Place, 932–938 Eastern Parkway, and 300 Lincoln Road, with a total refinancing loan amount of $67,250,000 secured by Sugar Hill Capital Partners from Community Preservation Corporation. The market is segmented across Manhattan and Brooklyn, highlighting the diverse locations of the property assets involved in this transaction.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $67,250,000
• Lender: Community Preservation Corporation (CPC)
• Landlord: David Schwartz - Sugar Hill Capital Partners
• Loan Type: Refinance

The refinancing deal underscores the active engagement of David Schwartz, representing Sugar Hill Capital Partners in securing financing for this multifamily property portfolio. Community Preservation Corporation served as the lender, facilitating the financial aspects of the transaction tailored for the multifamily market across the specified locations.