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

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FINANCED
$18,000,000

New York

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Mixed-use55,000 SF
Financed 12/30/2025
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FINANCED

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

2104 Ryer Avenue

See Similar Deals
Mixed-use55,000 SF
Financed 12/30/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$327
Total Square Footage:55,000 SF
Transaction Type:Loan

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.

Players

Mendy Pfeifer
5 deals$73.6M volume
BROKER

Motti Blau
Eastern Union
6 deals$76M volume
BROKER

Eastern Union
BROKERAGE

Details

FINANCED
IMAGE: Motti Blau & Mendy Pfeifer DATE: 12/30/2025 ADDRESS: 2104 Ryer Avenue MARKET: Bronx ASSET TYPE: Mixed-use (1 Commercial & 56 Residential) ~ SF: 55,000 ~ UNITS: 57 LENDER: Zions Bank LANDLORD: Gabriel Blanco BROKERS: Motti Blau & Mendy Pfeifer - Eastern Union LOAN AMOUNT: $18,000,000 LOAN TYPE: Refinance LOAN TERMS: 5 Years, Full term IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,000,000.00

Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00