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ICER Properties Secures $21M Loan For Hamilton Heights Multifamily Investment

139 Edgecombe, 610 Street Nicholas, 622 Street Nicholas, 614 Street Nicholas, 606 Street Nicholas, 137 Edgecombe, 129 Edgecombe, 135 Edgecombe, 133 Edgecombe
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This MultiFamily property located in NY received a loan of $21,000,000 almost 3 years ago.

139 Edgecombe, 610 St Nicholas, 622 St Nicholas, 614 St Nicholas, 606 St Nicholas, 137 Edgecombe, 129 Edgecombe, 135 Edgecombe, and 133 Edgecombe in Hamilton Heights have been involved in a recent closed property transaction. The asset type of these properties is multifamily.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,000,000
  • Market: Hamilton Heights
  • Lender: Walker Dunlop - Jared Sobel
  • Landlord: ICER Properties - Joseph Jemal
  • Term: 10 Year Fixed Rate Loan, 5 Years Interest Only

Joseph Jemal, representing ICER Properties, and Jared Sobel from Walker Dunlop played key roles in this property transaction. They facilitated the loan agreement for these properties in Hamilton Heights, providing a 10-year fixed-rate loan with 5 years of interest-only payments.

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  • Location
    139 Edgecombe Avenue, New York, NY, USA139 Edgecombe Avenue, New York, NY, USA
  • Loan Value
    $21,000,000$21,000,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

LOAN IMAGE: Joseph Jemal & Jared Sobel ADDRESS: 139 Edgecombe, 610 St Nicholas, 622 St Nicholas, 614 St Nicholas, 606 St Nicholas, 137 Edgecombe, 129 Edgecombe, 135 Edgecombe, 133 Edgecombe MARKET: Hamilton Heights ASSET TYPE: Multifamily LENDER: Walker Dunlop - Jared Sobel (@JMSobel) LANDLORD: @ICERProperties - Joseph Jemal AMOUNT: $21,000,000 TERM: 10 Year Fixed Rate Loan, 5 Years Interest Only

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