Peter Hungerford And David Kaye Secure $54M Loan For Multifamily Portfolio Acquisition In New York City

The asset involved in this transaction is a Multifamily Portfolio located in New York City, consisting of 10 buildings with a total square footage of 568,406 and comprising 592 units. The loan amount for this acquisition is $54,000,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $54,000,000
• Market: New York City
• Lender: Prime Finance
• Landlord: Peter Hungerford - PH Realty, Alma Realty & David Kaye - Rockledge Capital
• Brokers: Brian Flax, Morris Betesh & Jacob Schmuckler - Meridian Capital Group
• Loan Type: Acquisition
• Building Count: 10

Key individuals in the transaction include Peter Hungerford and David Kaye acting as landlords, while the brokers representing the deal are Brian Flax, Morris Betesh, and Jacob Schmuckler from Meridian Capital Group.