Chaim Lipschitz Secures $100M Refinance Loan From 3650 Capital For Dunbar Apartments In Harlem

The asset involved in this transaction is a multi-family property located at 2802-2816 Frederick Douglass Boulevard in Harlem, Manhattan. The building encompasses a total square footage of 436,115 and includes 538 residential units. This property has recently undergone a refinancing process with a loan amount of $100,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $100,000,000
• Address: 2802-2816 Frederick Douglass Boulevard
• Market: Harlem, Manhattan
• Asset Size: 436,115 square feet
• Units: 538
• Lender: 3650 Capital
• Landlord: Chaim Lipschitz
• Loan Type: Refinance

Chaim Lipschitz, through the entity 2802-2816 Fdb LLC, was instrumental in securing the refinancing loan for the Dunbar Apartments. The deal involved 3650 Capital as the lending institution, facilitating the financial restructuring of the asset.