M&R Management Co. borrows $10M from Capital One for property in Midwood

M&R Management Co. through the entity Carlton Apts Co., LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $10.0 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 144 residential units at 1255 East 19th Street in Midwood. The deal closed on September 4, 2019 and was recorded on September 18, 2019.
The property contains a total of 158,590 square feet of built space.
The average loan per unit is $69,444.

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