Hamilton Heights Manhattan NY Multifamily $3,500,000

Pittsburgh PA & Portland ME Development Site and Office Building $2,500,000
August, 2018

$3,500,000 Bridge Loan

size-icon Hamilton Heights, Manhattan, NY

size-icon 11,472 Square Feet

size-icon Multifamily

January 2018 – Avant Capital Partners has originated a first mortgage loan in the amount of $3,500,000 secured by a multifamily rental property located in the Hamilton Heights section of Manhattan. Loan proceeds refinanced the debt on the property, funded reserves and closing costs and aided in the completion of renovation work. The building consists of one 5-bedroom apartment, 10 three-bedroom apartments, and three two-bedroom apartments. In addition to the to-be-completed basement unit, there are two completed apartments which are vacant. The property also has a 974 square foot retail space that is currently vacant.