Related Fund Management Secures $140 Million Loan For 34-Building Multifamily Portfolio In Bronx

The asset involved in this transaction is a multifamily portfolio consisting of 34 buildings located in the Bronx, comprising a total of 2021 units. The loan amount for the acquisition of this portfolio is $140,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $140,000,000
• Address: 34-Building Portfolio
• Market: Bronx
• Lender: PGIM
• Landlord: Related Fund Management
• Loan Type: Acquisition

The deal involved brokers Gary Phillips, Will Silverman, Daniel Parker, Ethan Pond, Grant Frankel, and Auston Ingram representing the transaction for Eastdil Secured. Note regarding the property is that it consists of 34 buildings.