RCA founder Robert M. White Jr. borrows $12M from Bank of America for multifamily property in the Upper West Side

Robert M. White Jr., founder of Real Capital Analytics through the entity Rmw Selkirk LLC as borrower signed a loan agreement with lender Bank Of America, N.A. valued at $12.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units at 308 West 82nd Street in the Upper West Side. The deal closed on November 6, 2019 and was recorded on November 13, 2019.
The property contains a total of 29,100 square feet of built space.
The average loan per unit is $244,898.
The last time the property sold was December 11, 2013, for $17,100,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $341,678.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link