Bethpage Federal Credit Union Closes $62.25M Refinance Loan For Haruvi Portfolio
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This MultiFamily property located in NY received a loan of $62,250,000 over 2 years ago. The broker of the deal was Nate Hyman
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- Location114 East 71st Street, New York, NY, USA
- Loan Value$62,250,000
- Asset TypeMultiFamily
- Parties1 Broker
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Deal Summary
LOAN
IMAGE: Peter Hungerford, Abe Haruvi & Nate Hyman
DATE: 10/28/2021
ADDRESS: 114 East 71st Street, 244 West 74th Street, 1107-1109 First Avenue, 404-424 West 56th Street, 309-315 West 54th Street, 448-452 West 57th Street & 219-223 East 32nd Street
MARKET: Upper West Side, Upper East Side, Murray Hill & Midtown West
ASSET TYPE: Multifamily ~ SF: 330,000 ~ UNITS: 508
LENDER: Bethpage Federal Credit Union
LANDLORD: PH Realty Capital - Peter Hungerford, Abe Haruvi & Arthur Haruvi
BROKER: Nate Hyman - Polaris Funding
LOAN AMOUNT: $62,250,000
LOAN TYPE: Refinance
NOTE: On the 80th Anniversary of its history, Bethpage FCU has closed a $62,250,000 refinance of The Haruvi Portfolio. An incredibly low leverage loan, the team at Polaris Funding led by Nate Hyman brought this very complicated loan across the finish line. PH Realty Capital has signed a contract to purchase the properties & taken over all management duties of the assets in preparation for its' acquisition of the portfolio.
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114 East 71st Street, 244 West 74th Street, 1107-1109 First Avenue, 404-424 West 56th Street, 309-315 West 54th Street, 448-452 West 57th Street & 219-223 East 32nd Street
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