Irgang, Pramukh score financing for 180-unit Harlem dev

More than three years after filing building permits, the Irgang Group is ready to get going on a multifamily project in Harlem. Dwight Mortgage Trust originated a $70 million construction loan for the development at 33-35 West 125th Street, the Commercial Observer reported. The proceeds of the financing will go towards construction costs and the establishment of an interest reserve. A Meridian Capital Group led by Simon Rosenfeld and Ariel Taieb arranged the financing for the joint venture, which includes Pramukh Realty. Back in the spring of 2022, Irgang filed plans with the Department of Buildings to build an approximately […] This article originally appeared on The Real Deal. Click here to read the full story.