Bawabeh Realty Holdings Refinances Bronx And Brooklyn Mixed-Use Properties With Interaudi Bank For $9.8M

The transaction involves two mixed-use and retail properties located at 25 Westchester Square and 4615 Church Avenue, with a combined building square footage of 29,550 BSF and 24,471 SF, situated in the Bronx and Brooklyn markets. The landlord is Soly Bawabeh from Bawabeh Realty Holdings, who secured a refinance loan amounting to $9,800,000 from Interaudi Bank.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,800,000
• Loan Type: Refinance
• Lender: Interaudi Bank
• Landlord: Soly Bawabeh - Bawabeh Realty Holdings
• Previous Debt: $10.7 million from Blackstone

The refinance transaction allows Bawabeh Holdings to replace prior debt while maintaining their mixed-use and retail properties, reflecting strategic financial management within the demanding real estate market of the Bronx and Brooklyn.