David Roth's Palladium Management Secures $7M CMBS Loan For Multifamily Property In New Rochelle

The multifamily property located at 126 Franklin Avenue in New Rochelle has recently undergone a closed transaction. The deal involved a loan provided by LMF, with Michael Deford acting as the lender. The loan amount was $7,000,000, and the loan was structured as a 10-year CMBS loan. The property is owned by David Roth, who is represented by Palladium Management.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 126 Franklin Avenue
• Market: New Rochelle
• Lender: LMF
• Lender's Representative: Michael Deford
• Landlord: David Roth
• Landlord's Representative: Palladium Management

Max Herzog, Marko Kazanjian, and Andrew Cohen from JLL were the brokers involved in the deal, representing the parties in the transaction. Their role was to facilitate the loan agreement between the lender and the landlord, ensuring a successful closure.