John Vitale, Brad Domenic And Josh Weissman Refinance New Construction In Mott Haven, Bronx For $6.5M

The New York-based real estate investment and management firm, John Vitale, Brad Domenic, and Josh Weissman, have secured a refinancing deal for their mixed-use property located at 131-135 Alexander Avenue in the Mott Haven neighborhood of the Bronx. The property consists of 14 luxury residential loft-style units and 3 street-level commercial units.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $6,500,000
• Rate: 7 Year Fixed Rate
• Loan to Value: 70%
• Unit Mix: 14 Luxury Residential Loft Style Units / 3 Street Level Commercial Units
• Term: 7 Years

This refinancing deal allows John Vitale, Brad Domenic, and Josh Weissman to secure long-term financing for their mixed-use property in Mott Haven. The 7-year fixed-rate loan comes with a loan-to-value ratio of 70%, providing a solid financial foundation for their investment. The property boasts 14 luxury residential loft-style units, catering to the demand for high-end living spaces in the area. Additionally, the property includes 3 street-level commercial units, providing opportunities for local businesses to thrive. With a term of 7 years, this refinancing deal ensures stability and continued growth for the property.