Robin S. Miller borrows $6.5M from LMF Commercial for property in East Harlem

Robin S. Miller through the entity Randlee Property Owner LLC as borrower signed a loan agreement with lender LMF Commercial through the entity Lmf Commercial, LLC valued at $6.5 million for 1 parcel, including the tax class special construction, fireproof manufacturing building such as for printing plant, etc. (F2) at 166 East 124th Street in East Harlem. The deal closed on February 10, 2021 and was recorded on February 17, 2021.
The property contains a total of 30,400 square feet of built space.
The average loan per buildable square foot is $214.
LMF Commercial, a Lennar company, paid off a Santander Bank with a $4 million maximum loan and added new debt.
Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,222,868.0. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $1,492,049.

Direct link to Acris document. link