VAJA Group Secures $45 Million Refinancing Loan From Amalgamated Bank For 111-Unit Building

The asset involved in this closed transaction is a multi-family residential building located at 2123 Glebe Avenue in the Westchester Square market of the Bronx. This property consists of 111 units and has been refinanced for a total loan amount of $45,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $45,000,000
• Address: 2123 Glebe Avenue
• Market: Westchester Square, Bronx
• Lender: Amalgamated Bank
• Landlord: Moses Freund - Vaja Group
• Loan Type: Refinance

In this transaction, VAJA Group, represented by The Glebe Castle LLC, secured the refinancing from Amalgamated Bank to support the multi-family property located at 2123 Glebe Avenue. The arrangement highlights the involvement of key stakeholders in the refinancing process, centering around the landlord Moses Freund and the banking institution facilitating the loan.