Ponce Bank Provides $13 Million Construction Loan For Mixed-Use Property In Malrose, Bronx
FINANCED
$13,000,000
New York
See Similar DealsMixed-use
Financed 07/17/2023
FINANCED
Ponce Bank Provides $13 Million Construction Loan For Mixed-Use Property In Malrose, Bronx
414 E 152nd St Bronx, NY 10455, USA
See Similar DealsMixed-use
Financed 07/17/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,000,000.00
Monthly NOI$86,666.67
Monthly Debt Service$82,168.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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