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Urban Investment Group & Goldman Sachs Provide $100M Construction Loan For Soundview Multifamily With Asland Capital Partners & Pembroke Residential Holdings As Landlords

1940 Turnbull Avenue
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This MultiFamily property located in NY received a loan of $100,000,000 almost 2 years ago.

Located at 1940 Turnbull Ave in Soundview, this multifamily property consists of 154 units. The transaction took place on 05/04/2022 and was accompanied by an image courtesy of James H. Simmons III.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Address: 1940 Turnbull Ave
  • Market: Soundview
  • Lender: Urban Investment Group & Goldman Sachs
  • Landlord: Asland Capital Partners & Pembroke Residential Holdings
  • Loan Type: Construction

As part of the transaction, Urban Investment Group and Goldman Sachs provided a construction loan of $100,000,000. The property will be owned by Asland Capital Partners and Pembroke Residential Holdings, who represented the landlord in this deal.

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  • Location
    1940 Turnbull Avenue, The Bronx, New York 10473, United States1940 Turnbull Avenue, The Bronx, New York 10473, United States
  • Loan Value
    $100,000,000$100,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

Goldman Sachs

Goldman Sachs

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Deals81
Volume$ 1.2T

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Deal Summary

LOAN IMAGE: James H. Simmons III DATE: 05/04/2022 ADDRESS: 1940 Turnbull Ave. MARKET: Soundview ASSET TYPE: Multifamily ~ UNITS: 154 LENDER: Urban Investment Group & Goldman Sachs (@GoldmanSachs) LANDLORD: Asland Capital Partners & Pembroke Residential Holdings LOAN AMOUNT: $100,000,000 LOAN TYPE: Construction

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