Parkview Financial Provides $9.1M Construction Loan For Multifamily And Retail Project In East Harlem
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This MultiFamily property located in NY received a loan of $9,100,000 over 1 year ago. The brokers of the deal were Adam Hakim and James Murad
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- Location1638 Park Avenue
- Loan Value$9,100,000
- Asset TypeMultiFamily
- Parties2 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Adam Hakim & James Murad
DATE: 10/28/2022
ADDRESS: 1638-1640 Park Avenue
MARKET: East Harlem
ASSET TYPE: Multifamily ~ SF: 22,753
LENDER: Parkview Financial
LANDLORD: Affect Group
BROKERS: Adam Hakim & James Murad - Meridian Capital Group
LOAN AMOUNT: $9,100,000
LOAN TYPE: First Mortgage Construction Loan
LOAN TERMS: 22,753 GSF including 24 apartments (9 affordable) and 1,843 NSF of retail space
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1638-1640 Park Avenue
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