Jay Group Secures $92M on Inwood Resi Tower
The Jay Group has secured $92 million in construction financing for its upcoming multifamily development in Inwood, northern Manhattan.
BHI provided the loan for the 18-story residential tower, which will replace a former gas station at 401 West 207th Street. The project will feature 270 apartment units spanning 302,000 square feet, with 25% designated as affordable housing under New York City’s Mandatory Inclusionary Housing program.
Morris Betesh, Omar Ferreira and Dov Jeremias of Meridian Capital Group negotiated the financing.
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