Gabriel Blanco Secures $18M Refinance Loan From Zions Bank For Bronx Mixed-Use Property

The property asset involved in this transaction is a mixed-use building located at 2104 Ryer Avenue in the Bronx. The asset encompasses a total square footage of 55,000, consisting of 1 commercial unit and 56 residential units. The loan secured for this property was set at $18,000,000, under a refinance type, with terms of 5 years and a full term interest-only structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,000,000
• Address: 2104 Ryer Avenue
• Market: Bronx
• Asset Size: 55,000 SF
• Units: 57
• Lender: Zions Bank
• Landlord: Gabriel Blanco
• Broker Representatives: Motti Blau & Mendy Pfeifer - Eastern Union
• Loan Type: Refinance
• Loan Terms: 5 Years, Full term IO

The key individuals involved in this transaction include the landlord Gabriel Blanco, who holds ownership of the property. The financing was facilitated by Zions Bank, providing the loan necessary for the refinance. The brokerage services for the transaction were represented by Motti Blau and Mendy Pfeifer from Eastern Union, who played a significant role in bringing the deal to completion.