John Colangelo Refinances Multifamily Property In Belmont, Bronx With $5.4M Loan From Berkadia & HPD
FINANCED
$5,439,000
New York
See Similar DealsMultiFamily
Financed 08/07/2023
FINANCED
John Colangelo Refinances Multifamily Property In Belmont, Bronx With $5.4M Loan From Berkadia & HPD
2465 Crotona Avenue
See Similar DealsMultiFamily
Financed 08/07/2023
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,439,000.00
Monthly NOI$36,260.00
Monthly Debt Service$34,378.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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