Eshel Properties borrows $11.6M from Greystone & Co. for multifamily in Hamilton Heights

Eshel Properties through the entity HV II, LLC as borrower signed a loan agreement with lender Greystone & Co. (which assigned the debt to Fannie Mae) through the entity Greystone Servicing Company LLC valued at $11.6 million for 2 parcels, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 74 residential units at 520 West 145th Street, 524 West 145th Street in Hamilton Heights. The deal closed on August 10, 2020 and was recorded on August 13, 2020.
The property has 92,692 square feet of built space and available development rights.
The average loan per unit is $156,757.

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