Updated Mar 11, 2025
Meridian Capital Group Arranges $163M Loan For Bronx Multifamily Towers
198-200 East 135th Street, The Bronx, NY, USA
$163,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
Two Class-A Multifamily New-Development 25 Story Towers located at 198-200 East 135th Street in the Bronx have been involved in a recent loan transaction. The loan amount for this deal is $163,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $163,000,000
- Lender: Geoff Smith - Walker & Dunlop
- Landlord: Chess Builders - Cheskel Schwimmer
- Brokers: Isaac Filler, Ronnie Levine & Thomas Wayda - Meridian Capital Group
The lender for this transaction was Geoff Smith from Walker & Dunlop. The landlord involved in the deal is Chess Builders, led by Cheskel Schwimmer. The brokers who represented the parties in this transaction were Isaac Filler, Ronnie Levine, and Thomas Wayda from Meridian Capital Group.
On the Map
$163,000,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93