National Equity Fund

NEF Provides $76 Million Loan to Refinance & Preserve Seaview Estates Complex in Staten Island

NY Seaview Estates Apartments Staten Island
November 02, 2022

Another big win for New York City, this time, on Staten Island!

In partnership with Iris Holdings Group, NEF is proud to support the refinancing of the Seaview Estates Complex, a 316-unit multifamily development in the St. George waterfront neighborhood. The complex is comprised of four buildings with affordable homes ranging from studio to three-bedrooms.

Refinancing a development like this offers an opportunity to preserve and maintain affordable housing in communities with rapidly rising rents, ensuring that all individuals have a safe space to call home.

Read more about this preservation project here.

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