Angelo Cosentini Of OTL Enterprises Secures $4M Loan From Metropolitan Commercial Bank For Multifamily Property

The property asset involved in this transaction is a multifamily building located at 201-203 East Broadway in the Lower East Side of Manhattan. The property consists of 22,694 square feet and includes 10 residential units. OTL Enterprises, represented by Angelo Cosentini, secured a loan for the acquisition of this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Address: 201-203 East Broadway
• Market: Lower East Side, Manhattan
• Lender: Metropolitan Commercial Bank
• Landlord: Angelo Cosentini - OTL Enterprises
• Loan Type: Acquisition

The key individuals and companies involved in the deal include Angelo Cosentini, representing OTL Enterprises as the landlord, and Metropolitan Commercial Bank as the lender facilitating the acquisition loan. The transaction features a 10-unit elevator building, reflecting the strategic interests of OTL Enterprises in the multifamily market of Manhattan.