Signature Bank provided the debt
SDG Development Corp has secured $40 million from Signature Bank to refinance five multi-family buildings in Inwood, according to CO. The apartment buildings span a total of 300,000 square feet, and contain more than 300 apartments.
Property Addresses… 189 Sherman Avenue, 201 Sherman Avenue, 213 Sherman Avenue, 530 West 207th Street, and 512 West 207th Street.
Financing breakdown: The loan refreshes a mortgage provided by Signature Bank in 2014 for $36 million. It also adds $4 million in new debt.