REBusinessOnline

CBRE Provides $12.3M Agency Loan for Refinancing of Manhattan Housing Cooperative

NEW YORK CITY — CBRE has provided a $12.3 million Freddie Mac loan for the refinancing of River View Towers, a 385-unit residential complex located on Manhattan’s Upper West Side. The 24-story building is a housing cooperative, meaning residents own their respective units, but can only sell to qualified applicants at prices based on the existing occupant’s equity in the unit. Mark Fisher and Alex Furnary of CBRE originated the 30-year, fixed-rate loan, which was part of a larger $33.3 million financing package. The New York State Housing Finance Agency also provided a $20.4 million loan to allow the undisclosed borrower to pay off existing debt and fund capital improvements.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties