Joel Gluck scores $69M refi in the South Bronx

Joel Gluck’s Spencer Equity has secured $69 million to refinance its 238-unit multifamily rental building in the South Bronx. The financing for the affordable housing building, called Noonan Plaza and located at 105 West 168th Street, consists of one $53 million loan and two $7.8 million loans of state and city funding, according to a report filed on the Tel Aviv Stock Exchange. The $53 million loan is due in 2047, while the two $7.8 […]

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