UDR borrows $22M from Wells Fargo for rentals on the Upper West Side

March 25, 2021 7:24 am

UDR through the entity Columbus Square 801 LLC as borrower signed a loan agreement with lender Wells Fargo Bank,National Association valued at $22.1 million for 1 parcel, including the tax class residential condo (multiple) recorded as sold in Acris (MC) and containing 100 residential units at 801 Amsterdam Avenue in the Upper West Side. The deal closed on January 29, 2021 and was recorded on March 24, 2021.
The property contains a total of 77,882 square feet of built space.
The average loan per unit is $220,890.
The last time the property sold was January 11, 2012 for $72,071,155.
Direct link to Acris document. link

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