Midas Equities Secures $69M Bridge Loan For 150-Unit Multifamily In Greenwood Heights

The property asset involved in this transaction is a multifamily building located at 875 4th Avenue in the Greenwood Heights market. The property encompasses a total square footage of 142,317 and consists of 150 units. The loan amount secured for this asset is $69,000,000, classified as a bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $69,000,000
• Address: 875 4th Avenue
• Market: Greenwood Heights
• Lender: Varde
• Landlord: Midas Equities (MidasEq.com)
• Broker: Henry Bodek - Galaxy Capital
• Loan Type: Bridge

The key individuals and companies involved in this deal include the lender Varde along with Midas Equities, which serves as the landlord for the property. Henry Bodek from Galaxy Capital acted as the broker representing the transaction, facilitating the loan agreement for this multifamily asset.