Spaxel Secures $32.6 Million Refinancing For 128-Unit Multifamily At 1824 Anthony Avenue

The property asset involved in this transaction is a multifamily building located at 1824 Anthony Avenue in the Mt Hope neighborhood of Bronx. The building consists of 128 units and has a total square footage of 118,085. This transaction involves a loan amount of $32,600,000, which is a refinancing arrangement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,600,000
• Address: 1824 Anthony Avenue
• Market: Mt Hope, Bronx
• Asset Type: Multifamily
• Square Footage: 118,085
• Units: 128
• Lender: LaSalle Real Estate Credit Strategies REIT I
• Landlord: Spaxel
• Loan Type: Refinance

Spaxel, through 1824 Anthony Avenue LLC, facilitated the refinancing deal with LaSalle Real Estate Credit Strategies REIT I via JLL, replacing an existing debt of $28.9 million from Metropolitan Commercial Bank.