JCAL Development Group Secures $26.35 Million Refinance Loan From Webster Bank For Bronx Multifamily

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.