LMF Commercial (A Lennar Co.) Provides $39M Refinance Loan For Multifamily Portfolio In The Bronx | 160 West Kingsbridge Road, 3004, 3011, 3021 & 3030 Heath Avenue. 2487 & 2497 Grand Avenue & 2500 Webb Avenue | LMF Commercial | Jonathan Singer | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

271,233 sqft

The property involved in this closed transaction is a multifamily asset located at 160 W. Kingsbridge Road, 3004, 3011, 3021 & 3030 Heath Ave,. 2487 & 2497 Grand Ave. & 2500 Webb Ave. in the Bronx. The property spans a total of 271,233 square feet.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $39,000,000
Market: Bronx
Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
Landlord: Barry Singer
Broker: Jonathan Singer - Strategic Funding

The loan involved in this transaction was a refinancing deal. It was provided by LMF Commercial (A Lennar Co.), with Nihad Choudhury representing the lender. The loan amount was $39,000,000, with a CMBS execution and a 10-year term. The loan terms included a full-term interest-only period and a loan-to-value ratio (LTV) of 75%.

Players

All
2

Agents
1
Lenders
1

Jonathan Singer

Debt Placement Broker

LMF Commercial

Details

Deal Summary

FINANCED

IMAGE: Jonathan Singer, Barry Singer & Nihad Choudhury DATE: 12/10/2021 ADDRESS: 160 W. Kingsbridge Road, 3004, 3011, 3021 & 3030 Heath Ave,. 2487 & 2497 Grand Ave. & 2500 Webb Ave. MARKET: Bronx ASSET TYPE: Multifamily ~ SF: 271,233 LENDER: LMF Commercial (A Lennar Co.) - Nihad Choudhury (@NihadChy) LANDLORD: Barry Singer BROKER: Jonathan Singer - Strategic Funding LOAN AMOUNT: $39,000,000 LOAN TYPE: Refinance LOAN TERMS: CMBS EXECUTION, 10 Year Term, Full Term IO, 75% LTV

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Address160 West Kingsbridge Road, 3004, 3011, 3021 & 3030 Heath Avenue. 2487 & 2497 Grand Avenue & 2500 Webb Avenue

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