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117 West 79th Street
FINANCED

Fairstead Secures $38.8M Loan For Senior Housing At 117 W. 79th St

117 West 79th Street

Senior Housing
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Summary

Loan
NEW YORK
Senior Housing

Senior housing located at 117 West 79th Street in the Upper West Side, Manhattan, received a $38.8 million loan from Michael Dury of Merchants Capital. The property is owned by Fairstead and serves as affordable housing for seniors in the area. The loan supports the mission of providing crucial housing options for the senior community.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $38,800,000
  • Lender: Michael Dury - Merchants Capital
  • Landlord: Fairstead
  • Address: 117 West 79th Street
  • Market: Upper West Side, Manhattan

Michael Dury, representing Merchants Capital, facilitated the $38.8 million loan for senior housing at 117 West 79th Street. Fairstead, the landlord of the property, plays a vital role in ensuring affordable housing options for seniors in the Upper West Side of Manhattan.

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Merchants Capital's profile picture
Merchants Capital
Merchants Capital

Details

Deal Summary
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FINANCED
IMAGE: DATE: 06/03/2024 ADDRESS: 117 West 79th Street MARKET: Upper West Side, Manhattan ASSET TYPE: Senior Housing LENDER: Michael Dury - Merchants Capital LANDLORD: Fairstead LOAN AMOUNT: $38,800,000 NOTE: Fairstead secures a $38.8 million loan from Merchants Capital for affordable senior housing at 117 W. 79th St. in Manhattan's Upper West Side. The loan supports the property's mission to provide vital housing options for seniors in the area.

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Address117 West 79th Street

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