Updated May 11, 2026
JCAL Development Group Secures $26.35 Million Refinance Loan From Webster Bank For Bronx Multifamily
329 East 132nd Street
$26,350,000
Units
91
Asset Type
MultiFamily
Closing
Apr 21, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 329 East 132nd Street in the Bronx. It consists of 91 units and is part of the Bronx market. A refinance loan was secured for this asset at the amount of $26,350,000, under terms involving a fixed rate for a duration of 2 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,350,000
- Loan Type: Refinance
- Loan Terms: 2 years, fixed rate
- Lender: Webster Bank
- Landlord: JCAL Development Group
- Landlord's Rep: Brad Domenico, Frank Stanislaski & Ethan Thompson - Cushman & Wakefield
The deal features representation from Brad Domenico, Frank Stanislaski, and Ethan Thompson at Cushman & Wakefield, who act on behalf of JCAL Development Group in this transaction, coordinating the refinancing process with Webster Bank.
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93