L+M And Partners Close Harlem Affordable Housing Deals

February 7, 2018

The Real Deal reports that Ron Moelis’ L+M Development Partners closed on a 100-unit affordable housing deal in East Harlem.

The real estate investment firm and its partner, Settlement Housing Fund, recently bought a controlling interest in a 100-unit apartment complex at 315 East 103rd Street and 330 East 104th Street in a deal that valued the property at $20 million, L+M said. The buyers simultaneously extended a current affordability agreement with the city’s Housing Development Corporation by 15 years, until 2060.

In a separate deal, L+M and its joint-venture partner Manhattan Valley Development Corporation refinanced two affordable apartment buildings at 12-22 West 109th Street and 133 West 104th Street with a $16 million mortgage from Citi Community Capital.

Read the entire article here.


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
We're your source for local coverage, we count on your support. SUPPORT US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles