Lespmha Housing Development Fund Corporation obtained financing of $5M from The City Of New York

Lespmha Housing Development Fund Corporation as borrower signed a loan agreement with lender The City Of New York, Acting By And Through HPD valued at $5.2 million for 5 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 70 residential units at 45 Clinton Street, 13 Clinton Street, 167 Suffolk Street, 218 East 7 Street, 419 East 12 Street in Lower East Side. The deal closed on July 30, 2019 and was recorded on August 19, 2019.
The property contains a total of 73,139 square feet of built space. The property has 1,367 square feet of available development rights.
The average loan per unit is $74,844.

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