Cammeby’s International borrows $10M from Capital One to refi multifamily property in Washington Heights

Cammeby’s International Group through the entity WH 90 Laurel Hill Terrace LLC as borrower signed a loan agreement with lender Capital One valued at $10 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 86 residential units at 90 Laurel Hill Terrace in Washington Heights. The deal closed on June 10, 2020 and was recorded on June 16, 2020.
The property contains a total of 94,428 square feet of built space.
The average loan per unit is $116,571.
The signatory for Cammeby’s was Eli Schron. The last time the property sold was May 21, 2014, for $15,950,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $86,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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