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Eli Ben-Meir Dylan Kronenberg Amit Stern Of Arion Fund Provide $2.3 Million Bridge Loan In Brooklyn

Property Image
FINANCED
$2,300,000

New York

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MultiFamily3,870 SF
Financed 04/10/2025
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Property Image
FINANCED

Eli Ben-Meir Dylan Kronenberg Amit Stern Of Arion Fund Provide $2.3 Million Bridge Loan In Brooklyn

158 Withers Street

See Similar Deals
MultiFamily3,870 SF
Financed 04/10/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$594
Total Square Footage:3,870 SF
Transaction Type:Loan

The asset involved in the transaction is a multifamily property located at 158 Withers Street in Brooklyn, comprising a total square footage of 3,870 and containing six residential units. The loan amount secured for this property is $2,300,000, classified as a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 158 Withers Street
  • Market: Brooklyn
  • Square Footage: 3,870
  • Units: 6
  • Lender: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund
  • Landlord: Eric Orlofsky - Center Street Capital
  • Loan Type: Bridge

The key individuals involved in this deal include Eli Ben-Meir, Dylan Kronenberg, and Amit Stern representing the Arion Fund, which provided the financing. Eric Orlofsky, associated with Center Street Capital, represents the landlord of the property, signaling a collaborative effort in securing the financial backing for the multifamily sector.

Players

Eli Ben-Meir
11 deals$65.2M volume
LENDER

Arion Fund
LENDER



Eric Orlofsky
8 deals$33.8M volume
LANDLORD

Details

FINANCED
IMAGE: Eli Ben-Meir & Dylan Kronenberg DATE: 04/10/2025 ADDRESS: 158 Withers Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 3,870 ~ UNITS: 6 LENDER: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund LANDLORD: Eric Orlofsky - Center Street Capital LOAN AMOUNT: $2,300,000 LOAN TYPE: Bridge NOTE FROM LENDER: Arion Fund remains committed to delivering tailored financing solutions that drive growth and opportunity in the multifamily sector. For more information or other inquiries, contact: www.arionfund.com | [email protected] | +1 (201) 374-3121 ext. 103

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,300,000.00

Monthly NOI$15,333.33
Monthly Debt Service$14,537.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00