Hedvat Family Secures $2,850,000 Bridge Loan From Arion Fund For Manhattan Multifamily Asset

The property asset involved in this transaction is located at 518 Fort Washington Avenue in Manhattan. It is a multifamily asset consisting of 41,552 square feet and includes 47 units. The loan amount secured for this property is $2,850,000 through a bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,850,000
• Property Address: 518 Fort Washington Avenue
• Market: Manhattan
• Asset Size: 41,552 square feet
• Units: 47
• Lender: Arion Fund
• Loan Originator: Eli Ben-Meir
• Landlord: Hedvat Family
• Brokers: David Hayum & Michael Farkovits - Meridian Capital Group

Eli Ben-Meir, representing Arion Fund, played a significant role in the origination of the loan for the Hedvat Family's property. The brokers involved in this transaction are David Hayum and Michael Farkovits from Meridian Capital Group. Arion Fund is noted for its commitment to delivering tailored financing solutions that drive growth and opportunity in the multifamily sector.