LifeCo Provides $7.225M Refinance Loan For Bronx Multifamily Property With 28 Units

The asset involved in this transaction is a multifamily property located in the Bronx, consisting of 28 units and encompassing a total square footage of 9,200. The transaction involves a refinancing arrangement with a loan amount set at $7,225,000 over a 30-year term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,225,000
• Loan Type: Refinance
• Loan Terms: 30 Years
• Lender: LifeCo
• Broker: Charlie Lefkowitz
• Date: 01/10/2025
• Market: Bronx
• Asset Size: 9,200 SF
• Units: 28

Charlie Lefkowitz brokered the deal, representing the involved parties. The refinancing provides a financial restructuring for the multifamily asset within the Bronx market, facilitated by the lender, LifeCo.