Updated Oct 5, 2026
Josue Velazquez Of JGV Management Secures $7.3M Refinance Loan For Multifamily Asset In Bronx
1325 Southern Boulevard
$7,300,000
$171/SF
Building Size
42,672 SF
Asset Type
MultiFamily
Closing
Sep 24, 2026
About this deal
AI
The property involved in this transaction is a multi-family residential building located at 1325 Southern Boulevard in East Morrisania, Bronx. The asset spans 42,672 square feet and comprises 31 units. The refinancing of this building was facilitated through a loan from the NYC Department of Housing Preservation & Development.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,300,000
- Asset Square Footage: 42,672
- Units: 31
- Lender: NYC Department of Housing Preservation & Development
- Landlord: Josue Velazquez - JGV Management
- Loan Type: Refinance
In this transaction, Josue Velazquez, representing JGV Management, effectively replaced a previous loan of $4.3 million from the Community Preservation Corporation with the new funding amount of $7.3 million from NYC HPD. This refinancing reflects the strategic financial maneuvers undertaken by the landlord's management team.
On the Map
$7,300,000
$171/SF
MultiFamily
View full map
Players
El Cajon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit JGV Management to view all their deals.
Browse El Cajon multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93