Arker Companies Secures $200.8M Refinance Loan From Merchants Capital For Bronx Multifamily Properties

The transaction involves a refinancing loan associated with a portfolio of 17 properties located at 1041 Findlay Avenue, 1280 Sheridan Avenue, and 1055 Findlay Avenue in the Concourse Village market of the Bronx. The total loan amount is $200,800,000, calculated against an aggregate square footage of 674,565 and an overall building square footage of 35,650. This portfolio includes 679 residential units across the properties.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $200,800,000
• Lender: Michael Dury - Merchants Capital
• Landlord: Allan Arker, Alex Arker & Daniel Moritz - Arker Companies
• Loan Type: Refinance

The refinancing was secured by Arker Companies, replacing previous debt obligations held by Freddie Mac and the NYC Housing Development Corporation. This strategic financial maneuver highlights the involvement of key personnel such as Michael Dury from Merchants Capital, alongside Allan Arker, Alex Arker, and Daniel Moritz of Arker Companies in this significant real estate deal.