MF1 Provides $83M in Acquisition Financing for Six Harlem Residential Buildings
Meridian Capital Group facilitated an $83 million acquisition financing deal for The Dunbar Apartments, a six-building residential complex in Harlem, New York City. MF1 provided the financing.
Located at 2802-2816 Frederick Douglass Boulevard, the complex consists of six six-story buildings with a total of 537 units.
The financing was negotiated by Meridian’s Morris Betesh, Israel Mermelstein and Jack McPhail. “The deal allowed for numerous transaction efficiencies that benefited all parties. We are excited for the new owner to carry out their business plan, make new improvements, and contribute to the legacy of this iconic property,” said Betesh.
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