Urban Resource Institute Secures $32.1M Loan For Harlem Specialty Properties, Represented By Nathaniel Fields - UMB Bank | 2332 Adam Clayton Powell Junior Boulevard & 2250 Adam Clayton Powell Junior Boulevard | UMB Bank | Special Purpose | Loan

Summary

Loan

NEW YORK

Special Purpose

54,224 sqft

Nathaniel Fields secured an initial loan valued at $32.1 million from UMB Bank for two specialty properties in Harlem, Manhattan. These properties, located at 2332 Adam Clayton Powell Junior Boulevard and 2250 Adam Clayton Powell Junior Boulevard, are special purpose buildings with a total of 35 residential units. The combined square footage of the properties amounts to 27,112 square feet.

Summary of transaction details

Property Type: Special Purpose
Transaction Amount: $32,100,000
Market: Harlem, Manhattan
Units: 35

Urban Resource Institute, represented by Nathaniel Fields, is the landlord of these properties. The loan from UMB Bank will support the operations and development of these residential units in Harlem, Manhattan.

Players

All
1

Lenders
1

UMB Bank

Details

Deal Summary

FINANCED

IMAGE: Nathaniel Fields DATE: 02/07/2024 ADDRESS: 2332 Adam Clayton Powell Junior Boulevard & 2250 Adam Clayton Powell Junior Boulevard MARKET: Harlem, Manhattan ASSET TYPE: Special Purpose ~ SF: 27,112 ~ UNITS: 35 LENDER: UMB Bank LANDLORD: Nathaniel Fields - Urban Resource Institute LOAN AMOUNT: $32,100,000 NOTE: Urban Resource Institute, represented by Nathaniel Fields, secured an initial loan valued at $32.1 million from UMB Bank for two specialty properties in Harlem, Manhattan, totaling 35 residential units.

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Address2332 Adam Clayton Powell Junior Boulevard & 2250 Adam Clayton Powell Junior Boulevard

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