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Chetrit Procures $160M Loan for UES Student Housing Building

NEW YORK CITY-Previously a nursing home, the building is currently student housing for several area universities.

By Rayna Katz | Updated on February 11, 2014

NEW YORK CITY-Meridian Capital Group has arranged a $160 million CMBS loan to refinance a former nursing home on Third avenue on behalf of the Chetrit Group.

The five-year conduit financing was provided by Natixis Real Estate Capital and features interest-only payments for the full term. This transaction was negotiated by Meridian managing director Ronnie Levine, who is based in the company’s headquarters here. A request for comment from Meridian was not returned by presstime.

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