$20,150,000 - 75% LTV Refinancing for Upper Manhattan Apartments
- Jeffrey Pacailler
- Jan 17, 2019
- 1 min read

Cronheim Mortgage secured individual loans for four multi-family properties totaling $20.15 million to refinance 188 units in the Washington Heights and Morningside Heights neighborhoods of Upper Manhattan. These pre-war, rent-stabilized buildings have been owned by the sponsors for a number of years. The financing term, which was originally 5-years, was modified to a 4-year term as a mitigant to offer a lower rate in a rising interest rate environment.
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