Greystone Provides $35.1M Acquisition Loan For Inwood Portfolio In Manhattan

In a recent property transaction in Inwood, Manhattan, a package deal consisting of multiple properties was acquired. The portfolio includes properties located at 252, 109, 113, 117, 121, 129, 133, and 125 Sherman Avenue; 574-578 West 161 Street; 519 West 143 Street; 66 Vermilyea Avenue; and 38, 34, 26, 22, and 30 Post Avenue. The package deal encompasses a total area of approximately 385,968 square feet and is comprised of 433 units.

Summary of Transaction Details

• Property Type: Package Deal
• Market: Inwood, Manhattan
• Lender: Greystone
• Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group
• Loan Amount: $35,146,000
• Loan Type: Acquisition

The acquisition loan for the package deal was provided by Greystone with a total amount of $35,146,000. Chaim Tessler and Ariel Forman from Meridian Capital Group acted as the brokers in this transaction. The loan type was specifically for the purpose of acquiring the properties.