Ponce Bank Provides $13 Million Construction Loan For Mixed-Use Property In Malrose, Bronx

A mixed-use property located at 414 East 152 in Malrose, Bronx has recently undergone a significant transaction. The property, which encompasses both residential and commercial spaces, attracted attention from various parties in the real estate market.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $13,000,000
• Lender: Ponce Bank
• Landlord: MZS Realty
• Broker: Chaim Greenfeld - Eastern Union
• Loan Type: Construction

Chaim Greenfeld of Eastern Union played a significant role as the broker in this transaction. He successfully facilitated the deal between the lender, Ponce Bank, and the landlord, MZS Realty. The loan, amounting to $13,000,000, was secured for the construction of the mixed-use property. This transaction showcases the expertise and negotiation skills of Chaim Greenfeld in the real estate market.