Merchants Capital Corp Secures $232M Loan For Bronx Multifamily Portfolio

The portfolio of nine apartment properties located in the Bronx, New York, has secured $232 million in Freddie Mac financing. The properties, comprising a total of 1,009 units, are owned by Allan Arker of Arker Cos.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $232,000,000
• Address: 544 Claremont Parkway, 1325 Franklin Avenue, 1134 Union Avenue, 611 East 158th Street, 820 Hewitt Place, 813 East 163rd Street, 1120 Union Avenue, 1094 Union Avenue & 905 Eagle Avenue
• Market: Bronx
• Units: 1,009
• Lender: Merchants Capital Corp
• Landlord: Allan Arker - Arker Cos

Merchants Capital Corp facilitated the financing for the portfolio, securing $232 million from Freddie Mac. This deal provides an opportunity for Allan Arker and Arker Cos to further expand their multifamily property holdings in the Bronx, solidifying their presence in the real estate market.