TARGO Capital Partners Acquires 13-Unit West Village Multifamily With $5.5M Loan From Dwight Capital | 661 Washington Street | Udi Eliasi, Adelaide Polsinelli | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

10,235 sqft

An acquisition of a 13-unit multifamily property in the West Village of Manhattan has been funded with a bridge loan of $5,500,000. The property, located at 661 Washington Street, was purchased by TARGO Capital Partners. The loan was arranged by Dwight Capital, with Josh Sasouness representing the lender.

Summary of Transaction Details

Property Type: Multifamily
Loan Amount: $5,500,000
Address: 661 Washington Street
Market: West Village, Manhattan
Buyer: TARGO Capital Partners
Lender: Dwight Capital
Lender Representative: Josh Sasouness

Dwight Capital facilitated the bridge financing within a 30-day timeframe. TARGO Capital Partners successfully acquired the 13-unit property, adding to their portfolio in the desirable West Village market.

Players

All
3

Agents
2
Agencies
1

Udi Eliasi

Licensed Associate Real Estate Broker

$8.4M Sold

Adelaide Polsinelli

Vice Chairman

$226.5M Sold

Compass

Details

Deal Summary

FINANCED

IMAGE: Adam Basuljevic, David Gleitman & Josh Sasouness DATE: 05/06/2021 ADDRESS: 661 Washington Street MARKET: West Village, Manhattan ASSET TYPE: Multifamily LENDER: Dwight Capital - Josh Sasouness LANDLORD: TARGO Capital Partners @TARGOCP - @DavidGleitman & @AdamBasuljevic LOAN AMOUNT: $5,500,000 NOTE: Dwight arranged bridge financing within 30 days for TARGO’s acquisition of a 13-unit West Village property.

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Address661 Washington Street

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