2761 Bronxwood Avenue Multifamily Acquired By 2761 BRONXWOOD LLC With $8M Bridge Loan From BridgeCity Capital- Isaac Blyakher

The property involved in this closed transaction is a multifamily asset located at 2761 Bronxwood Avenue in the Bronx, New York. It comprises 32 units with a total square footage of 24,965. The deal was closed on 03/09/2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Market: Bronx, New York
• Lender: BridgeCity Capital
• Borrower: 2761 BRONXWOOD LLC
• Broker: Isaac Blyakher - BridgeCity Capital
• Loan Type: Bridge
• Loan Terms: 12 months; LTV 60%

BridgeCity Capital provided a loan amount of $8,000,000 for the property located at 2761 Bronxwood Avenue. The loan is of bridge type and has a term of 12 months with a 60% loan-to-value ratio. The lender, BridgeCity Capital, is actively financing mixed-use, residential, industrial, and construction projects in various states, including the Tri-State Area and South Florida. For loan inquiries, interested parties can contact [email protected] or visit the lender's website at www.bridgecityfunding.com.