D2 Residential Closes $40 Million Bridge Loan For Multifamily Asset In Bronx

The property asset involved in this transaction is a multifamily building located at 3547 Webster Avenue in the Bronx, featuring 127 units. The loan closed at a total amount of $40,000,000, categorized as a bridge loan with a term of 2 years. The property is newly built and had no in-place tenancy at the time of closing.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 3547 Webster Avenue
• Market: Bronx
• Units: 127
• Lender: D2 Residential - David Brickman
• Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital
• Loan Type: Bridge
• Loan Terms: 2 year bridge loan

The key individuals involved in this transaction include David Brickman, representing D2 Residential as the lender. The landlord's representatives, Meir Kessner and David Eisen, are associated with Seven Stone Capital, facilitating the loan process for the newly constructed asset.