Fannie Mae Acquires Multifamily Properties In Bronx For $62M

The multifamily properties located at 2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place, 305 Bedford Park Boulevard, 675 E 234th Street, and 690 Gerard Avenue in Bronx have been involved in a recent closed transaction. The loan date for this transaction was on July 21, 2020. The lender for this transaction is Fannie Mae, through the PGIM Real Estate agency lending program. The loan amount for this transaction was $62,019,000. These properties consist of 432 units in total.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $62,019,000
• Lender: Fannie Mae (via PGIM Real Estate agency lending program)
• Loan Date: 07/21/2020
• Units: 432

In this closed transaction, Fannie Mae, through the agency lending program of PGIM Real Estate, provided a loan of $62,019,000 for the multifamily properties located at 2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place, 305 Bedford Park Boulevard, 675 E 234th Street, and 690 Gerard Avenue in Bronx. The transaction took place on July 21, 2020.