Joel Friedman Lands $6,550,000 Refinance Loan For MultiFamily Property In Bronx

The property asset involved in this transaction is a MultiFamily building located at 3002 Perry Avenue in the Bronx. The loan amount secured for this property is $6,550,000, classified as a refinance with a fixed rate of 5.50% over a term of 5 years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,550,000
• Lender: Life Insurance Company
• Landlord: Joel Friedman
• Brokers: Bryan Geffen & Zachary Grossman - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5-year; 5.50% fixed rate

This transaction features key individuals including the landlord, Joel Friedman, who oversees the MultiFamily property, and brokers Bryan Geffen and Zachary Grossman, representing the deal on behalf of Meridian Capital Group.