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Richman Group lands $188.5M for 201 East 125th Street

Citigroup along with HPD and HDC are the lenders

Rendering of Richman Group’s 201 East 125th Street (Credit: Richman Group)

The Richman Group has secured $188.5 million in financing from Citigroup + HPD + HDC for its mixed-use development project at 201 East 125th Street in East Harlem. 

Worth Noting: Freddie Mac has already signed on to provide a credit enhancement on a future permanent financing for the property, according to CO.

Development Plans: Upon completion, the project will span 421,000 SF, and consist of 404 apartments, plus ground floor retail space (61,000 SF).

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