Namdar Realty Group, H Holding Group, And Klosed Properties Refinance Industrial Building In Mott Haven, Bronx With $14.5M Loan From Metropolitan Commercial Bank

Namdar Realty Group, H Holding Group, and Klosed Properties have obtained a $14.5 million refinance loan from Metropolitan Commercial Bank for an industrial building located at 780 East 135th Street in Mott Haven, Bronx. The property, with a total square footage of 84,650, was initially purchased by the three entities for $17.5 million in November 2019.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,500,000
• Address: 780 East 135th Street
• Market: Mott Haven, Bronx

The loan was secured from Metropolitan Commercial Bank, with Craig Zajac and Jay Shah as the representatives from the bank. Namdar Realty Group, represented by Igal Namdar, partnered with H Holding Group, represented by Sharon Hakmon, and Klosed Properties, represented by Steven Kachanian, in this transaction.