Dino Tomassetti Jr. Secures $20 Million Refinance Loan For Multifamily Property In Bronx

The property asset involved is a multifamily building located at 3160-3166 Villa Avenue in the Bronx. This asset spans a square footage of 43,170 across 66 units and is entirely affordable under the CityFHEPS Program.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Loan Type: Refinance
• Loan Terms: 5 year-fixed, 24 months I/O
• Landlord: Dino Tomassetti Jr.
• Landlord's Representative: Kathy Anderson & Caillin Boles - Cushman & Wakefield

The loan was facilitated with a focus on providing support for affordable housing, highlighting the involvement of Dino Tomassetti Jr. as the landlord, while Kathy Anderson and Caillin Boles, operating through Cushman & Wakefield, represent him in this transaction.