John Colangelo Refinances Multifamily Property In Belmont, Bronx With $5.4M Loan From Berkadia & HPD | 2465 Crotona Avenue | Matthew Barbaccia | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

The multifamily property located at 2465 Crotona Avenue in Belmont, Bronx was recently involved in a loan transaction. The landlord, John Colangelo, obtained a loan for the property.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $5,439,000
Address: 2465 Crotona Avenue
Market: Belmont, Bronx
Lender: Berkadia & HPD
Landlord: John Colangelo
Brokers: Matthew Barbaccia - Brix Real Estate Advisors

An agency lender provided the principal debt for the loan, while HPD provided a rehab loan in the second position. Additional details about the loan terms were not provided in the context.

Players

All
2

Agents
1
Agencies
1

Matthew Barbaccia

Principal

$30.1M Sold

Brix Real Estate Advisors

Details

Deal Summary

FINANCED

IMAGE: John Colangelo & Matthew Barbaccia DATE: 08/07/2023 ADDRESS: 2465 Crotona Avenue MARKET: Belmont, Bronx ASSET TYPE: Multifamily LENDER: Berkadia (@Berkadia) & HPD LANDLORD: John Colangelo BROKERS: Matthew Barbaccia (@MatthewBarbaccia) - Brix Real Estate Advisors (@BrixAdvisors) LOAN AMOUNT: $5,439,000 LOAN TYPE: Refinance LOAN TERMS: An agency lender provided the principal debt and HPD provided a rehab loan in the second position.

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Address2465 Crotona Avenue

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