Eran Polack’s HAP Investments closed on a $55 million refinancing of a rental building in East Harlem less than a week after sweeping rent regulation reform was passed by the state legislature. Asia Capital Real Estate, a private investment firm that claims to manage “discretionary capital” for family offices and institutional investors, issued the two-year loan at an interest rate of 5.5 percent with two one-year extensions, Polack told The Real Deal. ACRE did not […]
source https://therealdeal.com/2019/06/24/hap-investments-lands-55m-loan-for-east-harlem-building-with-rent-stabilized-units/
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