Kushner Companies borrows $86M from Argentic Real Estate Finance for an East Village portfolio

Kushner Companies through the entity Village JV 129 First Avenue LLC as borrower signed a loan agreement with lender Argentic Real Estate Finance LLC valued at $85.5 million for 9 parcels with 141 residential units at 165 Avenue A, 167 Avenue A, 191 Avenue A, 143 1st Avenue, 129 1st Avenue, and others in the East Village. The deal closed on September 9, 2019 and was recorded on September 19, 2019.

The average loan per unit is $606,383.
The last time at least one of the properties was sold was January 31, 2013, for $8,572,736.

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

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