Hap Investments, a New York-based international real estate investment and development company, has secured a $76.75 million loan from Allegiant Real Estate Capital, a commercial real estate lender and debt investor offering comprehensive and customized financing solutions. The three-year loan will be utilized to refinance Hap’s East Harlem portfolio.
“We are excited about Hap’s commitment to New York City and East Harlem, in particular, and are thrilled to be a partner in their efforts,” said Randy Reiff, CEO of Allegiant Real Estate Capital.
The refinanced properties are located at 2338 Second Ave., 329 Pleasant Ave. and 2211 Third Ave. This portfolio of buildings is home to almost 160 apartments and contains leased retail spaces. Hap’s efforts to secure this loan were led by Andrea Lawrence, deputy CEO and general counsel, and Will Wang, the firm’s CFA. Smith, Gambrell & Russell LLP’s Moty Ben Yona, partner, and Amanda Attenasio, associate, served as legal representation.
