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Isaac Hakim lands Refi for 279 East 44th Street

Prudential provided the debt

279 East 44th Street (Credit: Hotel Planner)

Steven Elghanayan and Isaac Hakim have secured a $72 million Fannie Mae loan from Prudential Multifamily Mortgage to refinance 279 East 44th Street (AKA Olympia House) in Turtle Bay, TRD reported.

Financing details: The 10-year, interest-only loan replaces $71 million in previous debt provided by the same lender in 2012.

Property details: The multi-family property spans 210,810 square feet, and contains 240 apartments (50 are rent stabilized), plus a retail component (12,170 SF).

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