Arion Fund Provides $4,500,000 Bridge Loan To The Ham Family For Mixed-use Property In Corona
FINANCED
$4,500,000
New York
See Similar DealsMixed-use35,480 SF
Financed 06/11/2026
FINANCED
Arion Fund Provides $4,500,000 Bridge Loan To The Ham Family For Mixed-use Property In Corona
104-18 42nd Avenue
See Similar DealsMixed-use35,480 SF
Financed 06/11/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$126
Total Square Footage:35,480 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 104-18 42nd Avenue in Corona, with a total square footage of 35,480 and comprising 39 units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Lender: Arion Fund
- Lender Representative: Eli Ben-Meir
- Landlord: The Ham Family
- Loan Type: Bridge
- Date of Transaction: 6/11/2026
This transaction was orchestrated by Eli Ben-Meir representing Arion Fund, who emphasized their commitment to providing tailored financing solutions within the multifamily sector. The loan was a time-sensitive refinance that was executed swiftly, closing in just 15 days from the term sheet to funding.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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