Kallman Tabak borrows $18M from Capital One for 150 rental units in Morrisania

Kallman Tabak through the entity Timpson Place Associates LLC as borrower signed a loan agreement with lender Capital One valued at $18 million for 3 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 150 residential units at 576 Timpson Place, 586-588 Timpson Place, and 600 Timpson Place in Morrisania. The deal closed on March 10, 2021 and was recorded on March 29, 2021.

The average loan per unit is $120,000.

Direct link to Acris document. link
The signatory for the lender was Lisa A. Moghul.