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CushWake Arranges $100M Financing on Uptown Portfolio
Cushman & Wakefield advised HUBBNYC in procuring $99,880,000 in acquisition financing for a multifamily portfolio consisting of 11 properties across the Upper East and Upper West Sides. The 10-year loan was provided by JP Morgan’s balance sheet program.
A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Lauren Kaufman, Zachary Kraft and Sebastian Sanchez represented the borrower. The firm’s Adam Spies, Doug Harmon and Adam Doneger arranged the sale.
“We are thrilled to have represented the HUBBNYC Team in procuring a long-term, interest-only portfolio loan from JP Morgan’s balance sheet program for their recent multifamily acquisition,” said Gil.
The portfolio totals 361 units. It includes 182-188 and 181-199 Columbus Ave., 464-466 Amsterdam, 200-210 W. 83rd St., 1582 First Ave., 306 E. 89th St., 311 and 313 E. 73rd St., 322 E. 61st St., 452 E 78th St. and, 510, 514 and 518 E. 88th St.
- ◦Sale/Acquisition
- ◦Financing

