FINANCED
Express Capital Financing Provides $6.12M Acquisition Loan For Mixed-Use Property In Bronx
540 Concord Avenue
Mixed-use
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
A mixed-use property located at 540 Concord Ave in the Bronx has been involved in a recent transaction. The property spans 28,000 square feet and contains 38 units. The loan details for this transaction are as follows:
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,120,000
- Loan Type: Acquisition Loan
- Loan Terms: 90% Acquisition LTV, 18 Month Term, IO
The lender for this transaction is Express Capital Financing, represented by David Chera. The loan amount is $6,120,000 and it is an acquisition loan with terms of 90% acquisition loan-to-value ratio, an 18-month term, and interest-only payments.
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Details
FINANCED
IMAGE: 02/28/2022
ADDRESS: 540 Concord Ave.
MARKET: Bronx
ASSET TYPE: Mixed-use ~ SF: 28,000 ~ UNIT: 38
LENDER: Express Capital Financing (@expresscapitalfinancing.com) - David Chera (@DavidChera)
LOAN AMOUNT: $6,120,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: 90% Acquisition LTV, 18 Month Term, IOView on map
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Address540 Concord Avenue
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