Originally Published in commercialobsesrver.com
Written by Cathy Cunningham
A RENDERING OF 620 WEST 153RD STREET
RENDERING: JAY GROUP
Jay Group Lands $83M Loan for Hamilton Heights Multifamily Property
Jay Group Lands $83M Loan for Hamilton Heights Multifamily Property Jay Group has closed $83 million in construction financing for 620 West 153rd Street, a soon-to-be 238-unit multifamily development in Hamilton Heights, Commercial Observer can first report.
Meridian Capital Group arranged the three-year floating-rate debt, which includes a senior loan from Bank Hapoalim (BHI) and a mezzanine loan from New York City-based debt fund Be Aviv. Meridian’s Morris Betesh, Omar Ferreira and Dov Jeremias led the deal.