Fairstead Capital landed an $85 million loan for a massive apartment complex in Harlem. The lender is American General Life Insurance Company, according to records filed with the city on Tuesday. The company assumed a $48.5 million balance from a New York Community Bank loan originated in 2014 and provided a $36.5 million gap mortgage. The assemblage, with the address of 2802 Frederick Douglass Boulevard, is a collection of six buildings that runs along the […]
source https://therealdeal.com/2018/07/31/fairstead-lands-85m-loan-for-harlem-housing-complex/
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