Charlie Gendron’s LIHC Investment Group secured a $110 million mortgage from Rockport Mortgage to refinance East Harlem’s Lakeview Apartments, a low-income housing complex that recently exited the Mitchell Lama-program but will remain affordable under Section 8 guidelines. The financing, according to a public filing recorded Friday with New York City’s Department of Finance, includes about $108.4 million to refinance existing debt, and about $1.6 million for a building loan. Commercial Observer first reported the financing […]
source https://therealdeal.com/2018/12/28/rockport-provides-110m-in-financing-for-east-harlem-complex-thats-converting-to-section-8/
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