Signature Bank Provides $18M Loan On West Harlem Multifamily Property To Landlord Edward Ostad

The multifamily property located at 351 West 125th Street in West Harlem has been involved in a recent loan transaction. The lender, Signature Bank, provided a loan amount of $18,000,000 for this property, which spans across 45,945 square feet and comprises 38 units. The transaction took place on 03/18/2021. The landlord of the property is Edward Ostad.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Address: 351 West 125th Street
• Market: West Harlem
• SF: 45,945
• Units: 38
• Lender: Signature Bank
• Landlord: Edward Ostad

The loan for this multifamily property was provided by Signature Bank, a notable lender in the industry. Edward Ostad, the landlord, oversaw the transaction and facilitated the deal with the bank. The property offers 38 units within its 45,945 square feet of space, providing a valuable investment opportunity in the West Harlem market.