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Central Harlem

Mark & Orli Organg Secures $70 Million Construction Loan In Central Harlem By Dwight Mortgage Trust
FINANCEDMultiFamily

Mark & Orli Organg Secures $70 Million Construction Loan In Central Harlem By Dwight Mortgage Trust

$70,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 19, 2025

AI

The asset involved in this transaction is a mixed-use property located in Central Harlem, comprised of 180 units. The loan provided for this development is categorized as a construction loan amounting to $70,000,000.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $70,000,000
  • Lender: Dwight Mortgage Trust - Keith Hoffman & Dustin Braham
  • Owner: Mark & Orli Organg
  • Broker: Simon Rosenfeld & Ariel Taieb - Meridian Capital Group
  • Date: 10/20/2025

The key individuals involved in this transaction include Mark and Orli Organg as the owners, with Keith Hoffman and Dustin Braham representing Dwight Mortgage Trust as the lender. Simon Rosenfeld and Ariel Taieb served as brokers in the deal through Meridian Capital Group.

Players

Simon Rosenfeld

Meridian Capital Group

Broker

$667.9M

vol

18 deals

Broker
JS
Verified Badge

John Seiden

Broker

$185.6M

vol

3 deals

Broker
Keith Hoffman

Keith Hoffman

Dwight Mortgage Trust

Lender

$626.3M

vol

10 deals

Lender
Dwight Capital
Dwight CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93