 |
| Property Type |
: |
316 unit
Hi-rise Rental Building |
| Location |
: |
New York, NY |
| Lender |
: |
Fannie Mae |
| Exclusive |
: |
Yes |
| Loan Amount |
: |
$51,500,000 |
| Loan per Unit |
: |
$131,329 |
| Loan to Value |
: |
50% |
| Other: |
| * |
Class A Midtown submarket |
| * |
No reserves oTher than for real estate
taxes |
| * |
Urban completed three like transactions
with The same borrower and lender withing a 12 month period. |
| * |
Urban subsequently arranged a $2.5
MM 2nd loan to run co-terminus with The first. The overall LTV remained 50%. |
|
|
| Property Type |
: |
324 unit
Hi-rise Rental Building |
| Location |
: |
New York, NY |
| Lender |
: |
John Hancock |
| Exclusive |
: |
No |
| Loan Amount |
: |
$20,000,000 |
| Loan per Unit |
: |
$61,728 |
| Loan to Cost |
: |
30% |
| Other: |
| * |
Class A Lower East Side
submarket |
| * |
All reserves-including real estate
taxes-waived |
| * |
Repeat Urban Client. |
|
|
| Property Type |
: |
The Ambassador |
| Location |
: |
New York, NY |
| Lender |
: |
Fannie Mae |
| Loan Amount |
: |
$12,500,000 |
|
|
 |
| Property Type |
: |
410 unit
Hi-rise Rental Building |
| Location |
: |
New York, NY |
| Lender |
: |
Wall Street |
| Exclusive |
: |
Yes |
| Loan Amount |
: |
$120,000,000 |
| Loan per Unit |
: |
$292,683 |
| Loan to Cost |
: |
80% |
| |
|
|
| Other: |
| * |
Class A Upper East Side submarket |
| * |
20% of space utilized for commercial purposes |
| * |
Repeat Urban client. |
|
|
| Property Type |
: |
The Water’s Edge |
| Location |
: |
Patchogue, NY |
| Lender |
: |
John Hancock |
| Loan Amount |
: |
$4,800,000 |
|
|
| Property Type |
: |
The Regency |
| Location |
: |
New York, NY |
| Lender |
: |
Fannie Mae |
| Loan Amount |
: |
$51,500,000 |
|
