Peak Capital And HudsonPoint Group Secure $12M Bridge Loan For Multifamily Conversion In Union Square

112 4th Avenue

$12,000,000

$859/SF

Building Size

13,969 SF

Asset Type

MultiFamily

Closing

Aug 28, 2025

AI

The asset involved in this transaction is a multifamily property located at 112 4th Avenue in the Union Square market of NY. The property spans 13,969 square feet and comprises a total of 9 units. A loan amount of $12,000,000 was secured through Derby Copeland, categorized as a bridge loan.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $12,000,000
Location: 112 4th Avenue, Union Square, NY
Units: 9
Square Footage: 13,969
Lender: Derby Copeland
Landlord: Alex Rabin & David Gomez (DavidGomeznyc) - Peak Capital; Matt Sherr, Matt Pazzaglini & Jason Schottenfeld - HudsonPoint Group
Brokers: Michael Lohan & Mitch Uris - Nineteen Blocks
Attorney: Bryan Anderson - Anderson Law
Loan Type: Bridge

Nineteen Blocks represented Peak Capital and HudsonPoint Group in the refinance, marking the partners’ first office-to-residential conversion. This representation showcases the partnership’s ability to manage complex construction projects efficiently. For inquiries regarding equity or debt opportunities nationwide, please contact [email protected].