440-446 St Nicholas Ave – Finance – $4,000,000

Michael Korine, Managing Director of the Finance & Capital Markets Group at Berko & Associates, successfully procured permanent financing for two adjacent buildings in Central Harlem. The properties, 440-446 St. Nicholas Ave, total 29,000 SF and contain 40 residential units with numerous upgrades to the mechanicals and common areas. The Capital Markets Group sourced conventional financing for a 7-year term at 3.35% fixed and a 75% LTV, very strong terms in a recently chaotic market.