MHANY Stella Heights Housing Development Fund borrows $9M from Enterprise Community Partners and others for property in Washington Heights

MHANY Stella Heights Housing Development Fund Corp. as borrower signed a loan agreement with lender Enterprise Community Partners through the entity NEW YORK CITY ACQUISITION FUND LLC valued at $8.7 million for 2 parcels, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 83 residential units at 575 West 155th Street, 530 West 178th Street in Washington Heights. The deal closed on September 6, 2019 and was recorded on September 17, 2019.
The property contains a total of 9,240 square feet of built space.
The average loan per unit is $104,819.

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

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