HAP Investments has secured a $76.8 million loan for the refinancing of three East Harlem, New York, properties—Hap Two, Hap Five and Hap Ten—comprising almost 160 units and several leased retail spaces. Allegiant Real Estate Capital provided the three-year loan.
Located at 2338 Second Ave., 329 Pleasant Ave. and 2211 Third Ave., the properties are all within 1 mile of each other, with a host of shopping and dining options within walking distance. The 125th subway station for lines 4,5 and 6, as well as the Harlem-125th train station, are within one mile of all three communities.
Deputy CEO & general counsel Andrea Lawrence and CFA Will Wang formed the HAP Investments team that secured the loan. Moty Ben Yona, partner, and Amanda Attenasio, associate at Gambrell & Russell, legally represented the company.
The owner’s complete portfolio includes 10 buildings throughout the New York metro area, including The Maverick, which topped out last year.