SKF Development Refinances $37.2 Million Loan On 113-Unit Multifamily At 2499 Sedgwick Avenue

The property asset involved is a 113-unit multifamily residential building located at 2499 Sedgwick Avenue in the Fordham Manor neighborhood of the Bronx. This asset encompasses a total square footage of 120,781 and has undergone a refinancing transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,200,000
• Address: 2499 Sedgwick Avenue
• Market: Fordham Manor, Bronx
• Lender: Craig Zajac & Ross Dehmen - Metropolitan Commercial Bank
• Landlord: Rickard Gustafson - SKF Development
• Loan Type: Refinance

This transaction was facilitated by Craig Zajac and Ross Dehmen, representing Metropolitan Commercial Bank, who provided the refinancing for the property. The landlord, Rickard Gustafson from SKF Development, managed the loan agreement, marking a significant financial move for the property's operations and investment.