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Delshah Capital Secures $130M First Mortgage Bridge Loan For Morningside Heights Multifamily

30 Morningside Drive, Morningside Heights, NY
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This MultiFamily property located in NY received a loan of $130,000,000 over 6 years ago. The brokers of the deal were Adam Hakim and James Murad

Delshah Capital, led by Michael Shah, refinanced their property at 30 Morningside Drive in Morningside Heights, NY. The asset, a multifamily property, was financed by Square Mile Capital through a first mortgage bridge loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $130,000,000
  • Size: 205,000 rentable sf
  • Address: 30 Morningside Drive, Morningside Heights, NY

The brokerage firm Eastern Consolidated, represented by Adam Hakim and James Murad, played a crucial role in facilitating the refinancing deal between Delshah Capital and Square Mile Capital.

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Deals
  • Location
    30 Morningside Drive, Manhattan, NYC, NY, USA30 Morningside Drive, Manhattan, NYC, NY, USA
  • Loan Value
    $130,000,000$130,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

James Murad

James Murad

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Financed$2.2B

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Meridian Capital Group

Meridian Capital Group

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Volume$65.9B

Square Mile Capital

Square Mile Capital

Lender
Deals47
Volume$ 465.2B

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Deal Summary

LOAN IMAGE: Square Mile Capital's ceo Craig Solomon, Adam Hakim and James Murad of Eastern Consolidated and Delshah Capital's Michael Shah DATE: 12/21/17 REFINANCE: First Mortgage Bridge Loan ADDRESS: 30 Morningside Drive, Morningside Heights, NY ASSET TYPE: Multifamily LANDLORD: Delshah Capital (Michael Shah) LENDER: Square Mile Capital BROKER: Eastern Consolidated - Adam Hakim and James Murad AMOUNT: $130,000,000 SIZE: 205,000 rentable sf

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30 Morningside Drive, Morningside Heights, NY

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