Updated Nov 5, 2026
FINANCEDMultiFamily
Greg Belew And Marty Berger Of Saber-Hightower Secure $135 Million Loan For The IBEX At Ridge Hill
330 Madison Avenue
$93,000,000
$287/SF
Building Size
323,925 SF
Asset Type
MultiFamily
Closing
Sep 30, 2026
About this deal
AI
The IBEX at Ridge Hill is a multifamily asset located at 22 Lembo Street in Yonkers, with a total square footage of 323,925. The debt and equity capitalization for this transaction amounts to $135,000,000, utilizing both construction and equity placement loan types.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $135,000,000
- Market: Yonkers
- Borrower: Greg Belew & Marty Berger - Saber-Hightower & Mike Daly - Rafferty Real Estate
- Capital Sources: Bank OZK; Scott Pearson & Zach Smith - Eagle Realty Group
- Brokers: Evan Pariser, Aaron Niedermayer & John Lowe - JLL
The deal involves representatives from significant real estate entities, including Scott Pearson and Zach Smith from Eagle Realty Group as capital source representatives. The brokers for the transaction are Evan Pariser, Aaron Niedermayer, and John Lowe, who facilitated the process through JLL.
On the Map
$93,000,000
$287/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Aaron Niedermayer to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93