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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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