Midas Equities Secures $69M Bridge Loan For 150-Unit Multifamily In Greenwood Heights

The property involved in this closed transaction is a multifamily building located at 875 4th Avenue in Greenwood Heights. The property spans a total square footage of 142,317 and consists of 150 units. The transaction took place on April 17, 2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $69,000,000
• Address: 875 4th Avenue
• Market: Greenwood Heights
• Square Footage: 142,317
• Units: 150

The lender for this transaction was Varde, while Midas Equities served as the landlord. The broker representing the deal was Henry Bodek from Galaxy Capital.