Jewish Board Secures $8.1M Loan For Medical Office In Mount Vernon, Bronx

The University Heights supportive housing site at 162 W. Kingsbridge Rd., Bronx, secured an $8.1 million loan from the Dormitory Authority of the State of New York. The property, a medical office owned by the Jewish Board of Family and Children's Services, will utilize the loan to support its supportive housing initiatives.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $8,100,000
• Address: 162 Kingsbridge Road West
• Market: Mount Vernon, Bronx
• Lender: Gerrard Bushell - Dormitory Authority Of The State Of New York
• Landlord: Jeffrey Brenner - Jewish Board of Family & Children's Services

The loan was facilitated by Gerrard Bushell from the Dormitory Authority of the State of New York, helping the Jewish Board of Family & Children's Services to continue their supportive housing initiatives with the University Heights property.