LMF Commercial Provides $6.7M Loan For Bronx Multifamily Acquisition By Yehuda A. Lowy

The recent closed property transaction in the Bronx involved a multifamily asset located at 375 E. 209th Street, 2679 Decatur Avenue, and 3053 Hull Avenue. The property, under the ownership of Yehuda A. Lowy, attracted the attention of LMF Commercial (A Lennar Co.) as the lender. The loan amount for the transaction was $6,734,000, provided under CMBS terms with a 10-year fixed term and full-term interest-only.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,734,000
• Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
• Landlord: Yehuda A. Lowy
• Loan Terms: CMBS, 10-yr fixed, full term IO

Nihad Choudhury, representing LMF Commercial (A Lennar Co.), facilitated the loan transaction for this multifamily asset. This deal showcases the collaboration between the lender and the property owner, Yehuda A. Lowy, in the Bronx market. The CMBS loan with a 10-year fixed term and full-term interest-only provides financial support for the property's development and maintenance.