Ayush Kapahi Secures $26.2M Refinance Loan From Popular Bank For Bedford Park Multifamily Property
New York
See Similar DealsAyush Kapahi Secures $26.2M Refinance Loan From Popular Bank For Bedford Park Multifamily Property
189 East 205th Street & 193 East 205th Street
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The property asset involved in this transaction is a multifamily building located at 189 East 205th Street & 193 East 205th Street in Bedford Park, Bronx. The building encompasses a total of 58,815 building square feet, with a total of 48,731 square feet of usable space and consists of 88 residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,200,000
- Loan Amount: $26,200,000
- Loan Type: Refinance
- Lender: Popular Bank
- Landlord: Ayush Kapahi
- Prior Lender: Valley National Bank
Ayush Kapahi’s entity was the recipient of the refinance loan, which replaced existing debt held with Valley National Bank. Popular Bank acted as the lender for this transaction, facilitating the financial arrangement for the multifamily property.
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