LIHC Investment Group borrows $74M from ORIX Real Estate Capital for multifamily property in Nolita

March 19, 2020 8:02 am

Maine-based LIHC Investment Group through the entity L.I.R.A. Apartments Co., L.P. as borrower signed a loan agreement with lender ORIX Real Estate Capital through the entity Orix Real Estate Capital, LLC valued at $74.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 152 residential units at 13
The last time the property sold was February 26, 2020, when LIHC bought it from the DeMatteis Organization for $43.9 million.

The average loan per unit is $486,842.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article