HELP USA Secures $51.9M Loan For Soundview Multifamily In Bronx With Lender City Of New York Department Of Housing & Development

The City of New York Department of Housing & Development has provided a loan of $51,922,532 to HELP USA for the acquisition of three properties in Soundview, Bronx. The properties are located at 1233 White Plains Road, 1058 Teller Avenue, and 3034-3042-3046 Holland Avenue. These properties are classified as multifamily assets and consist of a total of 71 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $51,922,532
• Loan Lender: City of New York Department of Housing & Development
• Landlord: HELP USA
• Address: 1233 White Plains Road, 1058 Teller Avenue, 3034-3042-3046 Holland Avenue
• Market: Soundview, Bronx
• Units: 71

Vito Mustaciuolo and Greg Russ represented the City of New York Department of Housing & Development in this transaction as the lender's representatives. As part of the deal, HELP USA will act as the landlord for these properties in Soundview, Bronx.