48 Saint Nicholas

Location: New York, NY
Type: Multifamily
Price: $13,850,000

SMC has provided a $13,850,000 ten-year fixed rate mortgage for the refinance of a six-story, 42-unit multifamily property located in the Hamilton Heights section of New York, NY The Property was built in 1920 and the Sponsor recently invested in major unit renovations, common-area renovations and unit systems upgrades.

SMC’s 10-Year loan was structured with full-term interest only payments.