Chaim Schweid refis $12M with JPMorgan Chase for 109-unit rental in Washington Heights

Chaim Schweid through the entity Ls Cabrini Associates LLC as borrower signed a loan agreement with lender Jpmorgan Chase Bank valued at $12.0 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 109 residential units at 106 Cabrini Boulevard and 100 Cabrini Boulevard in Washington Heights. The deal closed on January 29, 2021 and was recorded on February 12, 2021.
The property contains a total of 59,226 square feet of built space.
The average loan per unit is $110,092.

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 $21,000.

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