Valentine 26 LLC Secures $19.3M Refinancing Loan For Bedford Park Development Site

Abraham Grunbaum and Emeric Weinstock, acting through their entity Valentine 26 LLC, secured a refinancing loan valued at $19.3 million from Bank of Princeton, through The Bank Of Princeton, for a 62-unit project at 2895 Valentine Avenue in Bedford Park, Bronx. The property is a development site with a building square footage (BSF) of 38,412. The loan was obtained to refinance the existing debt on the property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,300,000
• Market: Bedford Park, Bronx
• Address: 2895 Valentine Avenue
• Lender: Peggy Lane - Bank of Princeton
• Landlord: Abraham Grunbaum & Emeric Weinstock

Abraham Grunbaum and Emeric Weinstock, acting through Valentine 26 LLC, were the borrowers in this refinancing transaction. The loan was provided by Peggy Lane from the Bank of Princeton. This transaction allows Abraham Grunbaum and Emeric Weinstock to alleviate the current debt on their development site and continue their project in Bedford Park, Bronx.