A multifamily property located at 111 E 167th Street & 3371-73 Decatur Avenue in Bronx, NY has recently undergone a refinancing transaction. The loan was facilitated by PGIM and involved the landlord FTERE. The brokers involved in the deal were Bryan Manz, Emil DePasquale, and George Pektor.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,596,000

The loan amount for this refinancing deal was $22,596,000. The loan terms include a two-property portfolio spanning 140 total units, with a 12-year term and a fixed rate of 3.375%. The loan also features 5 years of interest only payments.

Emil DePasquale is one of the brokers who played a crucial role in facilitating this refinancing transaction. With PGIM as the lender and FTERE as the landlord, Emil DePasquale helped ensure a smooth process for both parties involved.