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

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].