Mendel Tessler Secures $7.5 Million Refinance Loan From Spencer Savings Bank For Multifamily Asset

The asset involved in this transaction is a newly built 25-unit multifamily residential building located at 190 East 205th Street in the Bedford Park neighborhood of the Bronx. The property is part of a refinancing deal amounting to $7,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Asset Address: 190 East 205th Street
• Market: Bedford Park, Bronx
• Asset Units: 25
• Lender: Spencer Savings Bank
• Landlord: Mendel Tessler
• Loan Type: Refinance

Mendel Tessler’s 190 E 205 LLC is responsible for securing the refinance loan from Spencer Savings Bank for the multifamily property, handling the financing necessary for the newly constructed residential building.