Edward L. Rich borrows $8M from Capital One for multifamily property in West Village

Edward L. Rich through the entity 269 West 12th Street LLC as borrower signed a loan agreement with lender Capital One valued at $8 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 29 residential units at 269 West 12th Street in West Village. The deal closed on May 12, 2020 and was recorded on June 12, 2020.
The property contains a total of 15,708 square feet of built space.
The average loan per unit is $275,862.
The financing includes a gap mortgage of $4.4 million.

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Direct link to the city’s interactive property map, ZOLA. link

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