Alpha Realty Facilitates $6.1M Bridge Loan On Bronx Multifamily Property

A multifamily property located at 1699 Topping Avenue in the Bronx has recently undergone a transaction. This property spans over 17,730 square feet and falls under the multifamily asset type category.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Loan Type: Bridge
• Loan Terms: Fix rate 9.25%, nonrecourse

The property transaction was facilitated by Alpha Realty, with Lev Mavashev, Jake Gluck, and David Marciano serving as the brokers. As representatives of the landlord, Nicholas Benamou, they played a crucial role in the deal. The loan received for this transaction amounted to $6,100,000 and was classified as a bridge loan. The loan terms include a fixed rate of 9.25% and nonrecourse conditions.