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Spirit, Bascom JV Secures Refi on 169-Unit Luxury Apartment Community in Rockland County

HFF Arranges $30.2M for The Henry
January 30, 2018
Spirit Investment Partners and The Bascom Group secured $30.15 million in financing on the 169-unit The Henry apartment community at 1 Crystal Hill Dr. in Pamona, NY.

Jamie Leachman and Nicole Brickhouse of HFF arranged the financing on behalf of the borrowers, placing it with Ares Management LP. The three-year, floating-rate loan was used to retire existing debt on the property.

Spirit Invest Partners and The Bascom Group acquired the multifamily building in 2013, according to CoStar data. The Henry, originally built in 2001, has undergone a full renovation over the past four years.
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