Slate Property Group secured a $210 million refinancing from JP Morgan Chase for a portfolio of homeless shelters and social services offices. The properties include a Salvation Army rehab center at 62 Hanson Place in Brooklyn and a homeless shelter at 427 West 52nd Street in Manhattan. Additional buildings in the portfolio are located in the Bronx, Queens, and Manhattan. Slate co-founder David Schwartz emphasized the firm’s focus on affordable housing and temporary apartments for homeless individuals, especially during the pandemic, due to New York City’s increasing need.
Slate Property Group
