Abro Management Secures $37.5 Million Refinance Loan From J.P. Morgan Chase For Multifamily Properties

The transaction involves a refinance loan secured by Abro Management for six multifamily rental buildings located at 4923 Broadway, 736 West 181st Street, 195 Bennett Avenue, 435 Ft Washington Avenue, 2561 Amsterdam Avenue, and 548 East 82nd Street, situated in the Inwood, Washington Heights, and Yorkville neighborhoods of Manhattan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,500,000
• Lender: J.P. Morgan Chase
• Landlord: Abro Management
• Loan Type: Refinance

This transaction is led by the Scharf family, which oversees Abro Management. The refinance agreements with JPMorgan Chase include a specific loan of $10.9 million allocated for the 94-unit elevator building at 4915 Broadway in Inwood.