North East Multi-Family Portfolio
North East Multi-Family Portfolio
Location: NJ, NY, PA, DEPropert Type: Multifamily
Size: 15,645 units
Investment Type: Mezzanine
Investment Size: $40,000,000
Closing Date: September 2007
RCG Longview provided a $40,000,000 Junior Mezzanine loan to finance the acquisition of a national portfolio of 15,645 units located in four States in on the Eastern US Seaboard. All properties are located in in-fill locations with good access to major arteries, employment centers and amenities. The borrower planned to renovate a portion of the portfolio in order to increase rents at the properties and better compete with their peer set.
