Bawabeh Realty Holdings Refinances Bronx And Brooklyn Mixed-Use Properties With Interaudi Bank For $9.8M
New York
See Similar DealsBawabeh Realty Holdings Refinances Bronx And Brooklyn Mixed-Use Properties With Interaudi Bank For $9.8M
4615 Church Avenue
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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.
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