Builders Group USA Secures $10.3M Refinance Loan From Symetra Life Insurance For Bronx Multifamily Properties

A multifamily property transaction took place involving four walkup properties located at 1130 Sherman Avenue, 1334 Findlay Avenue, and 1338 Findlay Avenue in the Bronx's Concourse Village and Claremont Village markets. The properties have a total square footage of 17,769 and consist of 38 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,300,000
• Lender: Margaret Meister - Symetra Life Insurance
• Landlord: Yitzchok Salamon - Builders Group USA
• Loan Type: Refinance

This refinancing deal involved Builders Group USA, represented by 1130 Sherman LLC, securing a loan from Symetra Life Insurance. The financing highlights the strategic management of their property portfolio within the Bronx area.