Stagg Group Secures $32.4 Million Refinance Loan For Bronx Multifamily Property From Berkadia

The property asset involved in this transaction is a multifamily building located at 3745 Riverdale Avenue in the Bronx, featuring 89 residential units. The transaction pertains to a refinance loan amounting to $32,400,000, characterized by a fixed-rate and a 10-year loan term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,400,000
• Lender: Berkadia - Matthew Nihan via Freddie Mac
• Landlord: Stagg Group
• Loan Type: Refinance
• Loan Terms: Fixed-rate, 10-year loan

Key individuals in this transaction include Matthew Nihan, representing Berkadia as the lender, and the Stagg Group as the landlord involved in the deal.