Parkway Realty Secures $10.5 Million Refinance Loan From A&E Real Estate Finance In Bronx

The property involved in this transaction is located at 2515 University Avenue and 1158 Boynton Avenue in the Bronx. It is categorized as a multifamily asset with a total square footage of 131,000 and consists of 129 units. The refinancing involved a loan amount of $10,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Loan Type: Refinance
• Loan Terms: 5 years fixed, 3 years IO
• Lender: A&E Real Estate Finance (AEREF)
• Lender's Representatives: Paul Kotronis & Joseph Fingerman
• Landlord: Parkway Realty
• Landlord's Representative: Yechiel Weinberger
• Broker: Judah Hammer & Shamir Seidman
• Brokerage: CBRE
• Previous Purchase Price: $9,000,000

This closing marks the third transaction accomplished by CBRE's Private Capital Finance Group with A&E Real Estate Finance Partners. It highlights the collaboration and strong relationship forged with A&E Real Estate Finance since their launch, as indicated by the gratitude expressed towards Joe Fingerman and Paul Kotronis for their partnership. The transaction indicates the successful stabilization of the assets by the sponsors over the previous months.