Valley National Bank Provides $125M Refinance Loan For Multifamily Property In Mott Haven, Bronx

A multifamily property located at 224-228 East 135th Street in the Mott Haven neighborhood of the Bronx has secured a $125 million loan for refinancing. The property spans approximately 398,000 square feet and consists of 430 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $125,000,000
• Address: 224-228 East 135th Street
• Market: Mott Haven, Bronx
• Loan Type: Refinance

The lending institutions involved in the deal include Valley National Bank, Bethpage Credit Union, Bayonne Community Bank, and Bankwell Bank. The landlord for the property is Chess Builders. Leah Paskus and Pinchas Vogel from Landstone Capital Group represented the borrower as brokers.

With the refinancing loan amount secured, the property at 224-228 East 135th Street can continue to provide housing options for residents in the Mott Haven neighborhood.