Freddie Mac Loans $8.97M For Multifamily Property In New Rochelle

The multifamily property located at 21 Fountain Place in New Rochelle has been involved in a closed transaction. The property, with a total square footage of 44,000, consists of 55 units. The transaction was facilitated by Palladium Management, represented by David Roth, who acted as the landlord. Marko Kazanjian, Max Herzog, and Matt Fagella represented the borrower, acting as brokers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,970,000
• Lender: Freddie Mac via CPC Mortgage Company
• Landlord: Palladium Management - David Roth
• Broker: Marko Kazanjian, Max Herzog & Matt Fagella
• Loan Terms: 10-year Permanent Refinancing

The loan, totaling $8,970,000, was provided by Freddie Mac through CPC Mortgage Company. The terms of the loan include a 10-year permanent refinancing agreement. This transaction showcases the collaboration between the tenant, represented by Palladium Management, and the lender, Freddie Mac. Marko Kazanjian, Max Herzog, and Matt Fagella played a vital role in facilitating the transaction as brokers.