Camber Property borrows $22M from Greystone & Co. for property in the Upper West Side

Camber Property Group through the entity Morningside Housing Development Fund Corporation as borrower signed a loan agreement with lender Greystone Funding Company LLC valued at $22 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units at 107 West 109th Street in the Upper West Side. The deal closed on December 22, 2020 and was recorded on January 22, 2021.
The property contains a total of 31,026 square feet of built space.
The average loan per unit is $448,522.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $50,000.

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