Tahl Propp borrows $32M from Bellwether for 110-unit rental in Washington Heights

Tahl Propp Equities through the entity Site A-Washington Heights TP4 LLC as borrower signed a loan agreement with lender Bellwether Enterprise Real Estate Capital, LLC valued at $32.4 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 110 residential units at 2036 Amsterdam Avenue in Washington Heights. The deal closed on February 12, 2021 and was recorded on March 11, 2021.
The property contains a total of 123,015 square feet of built space. The property has 123,015 square feet of available development rights.
The average loan per unit is $294,260.

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