Affordable Living NY Secures $17.45 Million Recapitalization Loan From Reedsbay Investment Group And Matterhorn Capital Partners

The asset involved in this transaction is a multifamily property located at 1791 Marmion Avenue & 1739 Grand Avenue in the Bronx. The total square footage of the property is 66,641 square feet, and the loan amount for this recapitalization transaction is $17,450,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,450,000
• Asset Address: 1791 Marmion Avenue & 1739 Grand Avenue
• Market: Bronx
• Lender: Reedsbay Investment Group & Matterhorn Capital Partners
• Landlord: Affordable Living NY
• Broker: David Eyzenberg - Eyzenberg & Company

Key individuals involved in this transaction include Jonathan Rubin, Elena Borokhovich, Randall Drain, Karl Wagner, David Eyzenberg, and John Speck, who played a role in facilitating the recapitalization loan for the multifamily property.