Ted Trachtenberg's Mixed-Use Property In Bronx Secured $20 Million Bridge Loan Through Abe Mann

The property involved in the transaction is a mixed-use asset located at 2500 Barker Avenue in the Bronx, featuring 55,000 square feet. The loan associated with this property is valued at $20,000,000 and is classified as a bridge loan. The specific loan terms include a CityFHEPS Lease Up with an interest rate of 6.8% and a floor rate of 5.8%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $20,000,000
• Loan Type: Bridge
• Loan Terms: CityFHEPS Lease Up, 6.8% Rate with 5.8% Floor
• Asset Square Footage: 55,000
• Address: 2500 Barker Avenue
• Market: Bronx
• Landlord: Ted Trachtenberg
• Broker: Abe Mann - Mann Capital Advisors

Abe Mann from Mann Capital Advisors is the broker representing this transaction. For financing inquiries, he can be reached via email at [email protected] or by phone at 917-574-3810.