Credit Union Provides $6.56M Loan To Refinance Multifamily Property In Jerome Park, The Bronx | 3002 Perry Street | Noah Schulman, Bryan Geffen | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

13,300 sqft

The property involved in the transaction is a multifamily building located at 3002 Perry Street in Jerome Park, The Bronx. The building spans a total square footage of 13,300 and is situated in the market of Jerome Park.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $6,565,000
Loan Type: Refinance
Loan Terms: 5 Years, 30 Years Amortization, 1 Year Interest Only, 0 Pre Payment Penalty

The loan was provided by Credit Union. The brokers involved in the deal were Bryan Geffen and Noah Schulman from Meridian Capital Group.

This transaction involved a construction take out/full cash out, and the entire building is occupied by CityFHEPS tenants. The lender was able to underwrite the actual rents of the property.

Players

All
3

Agents
2
Agencies
1

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Bryan Geffen & Noah Schulman DATE: 01/26/2024 ADDRESS: 3002 Perry Street MARKET: Jerome Park, The Bronx ASSET TYPE: Multifamily ~ SF: 13,300 LENDER: Credit Union BROKERS: Bryan Geffen (@BGeff) & Noah Schulman - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $6,565,000 LOAN TYPE: Refinance LOAN TERMS: 5 Years, 30 Years Amortization, 1 Year Interest Only, 0 Pre Payment Penalty NOTE FROM BROKER: The above deal was a construction take out/full cash out. The entire building is comprised of CityFHEPS tenants, the lender was able to underwrite the actual rents.

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Address3002 Perry Street

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