The Hamilton Heights Cluster Apartments Project is a $6.2 million residential development comprised of 86 residential units.
The project was financed under the New York City Participation Loan Program which involves both public and private financing sources. Under the program, the City provides low-rate financing which is combined with market-rate financing in order to provide for gut-rehabilitation of vacant property.
Our firm provided representation to the developer in all phases of the project including the coordination of the public/private financing structure, construction financing and permanent financing. The project is located in West Harlem, New York and serves as an example of the economic development occurring within the Harlem Community.