LMF Commercial Provides $18 Million Refinance Loan For Mixed-Use Property In Bronx

The property asset involved in this transaction is a mixed-use building located at 2311 White Plains Road in the Bronx. The asset comprises a total area of 5,968 square feet and contains 51 units. The loan amount associated with this property is $18,000,000, which is a refinance loan characterized as a CMBS refinance with a 5-Year fixed-rate interest-only structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,000,000
• Address: 2311 White Plains Road
• Market: Bronx
• Asset Size: 5,968 SF
• Units: 51
• Lender: LMF Commercial
• Loan Originator: Scott Burk
• Broker: Serxhio Zefi - GreyRock Commercial Group
• Loan Type: Refinance
• Loan Terms: CMBS Refi: 5-Year, Fixed-Rate, IO

The key individuals involved in this transaction include Scott Burk as the loan originator, representing LMF Commercial. The brokerage services were provided by Serxhio Zefi of GreyRock Commercial Group, facilitating the refinance process for the property owners.