Eli Ben-Meir Of Arion Fund Lends $4,250,000 For Mixed-Use Asset In Bronx NY

A loan of $4,250,000 has been secured against a mixed-use asset located at 1229 Franklin Avenue in the Bronx, NY. The property comprises 55 residential units and 7 commercial spaces, totaling approximately 59,800 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,250,000
• Lender: Eli Ben-Meir - Arion Fund
• Borrower: Simcha Applegrad
• Loan Type: Bridge

The transaction highlights the ongoing commitment of Arion Fund to provide customized financing solutions targeting the multifamily sector's growth and potential. Eli Ben-Meir, representing Arion Fund, facilitated the loan for the borrower, Simcha Applegrad.