PGIM Real Estate & Fetner Properties Secures $47.6M Loan From JP Morgan For Bronx Multifamily Asset

The property asset involved in the transaction is a multi-family building located at 3260 Henry Hudson Parkway, Bronx. The property comprises 127 units and is centered within a market conducive to multi-family investment. The loan amount secured for this acquisition is $47,600,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $47,600,000
• Lender: JP Morgan
• Landlord: PGIM Real Estate & Fetner Properties
• Landlord's Representative: Max Ralby & Capri Van Gilder - Newmark
• Loan Type: Acquisition

The key individuals involved in this transaction include Max Ralby and Capri Van Gilder, who represent PGIM Real Estate and Fetner Properties in this deal. Their role as landlord's representatives is crucial for facilitating the loan agreement with JP Morgan.