Updated Dec 4, 2024
Chaim Wiesenfeld Secures $25.6M Construction Loan For Development Site In Fordham Heights, Bronx
2077 Ryer Avenue
$25,571,991
Building Size
—
Asset Type
Development Site
Closing
Dec 21, 2023
About this deal
AI
A new construction loan has been secured for the development site located at 2077 Ryer Avenue in Fordham Heights, Bronx. The loan amount is $25,571,991 and it has been provided by Northeast Community Bank. The borrower, Chaim Wiesenfeld, through Anthony Partners LLC, was able to secure this loan to finance the construction of the development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $25,571,991
- Lender: Raymond L. Francis - Northeast Community Bank
- Landlord: Chaim Wiesenfeld
The lender in this transaction is Northeast Community Bank, represented by Raymond L. Francis. The landlord of the development site is Chaim Wiesenfeld. Through their company, Anthony Partners LLC, Chaim Wiesenfeld was able to secure a $25.6 million construction loan from Northeast Community Bank for the development site located at 2077 Ryer Avenue in Fordham Heights, Bronx.
On the Map
$25,571,991
Development Site
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Players
Bronx Development Site Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93