Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $3.15M Loan For Bronx Multifamily
FINANCED
$3,150,000
New York
See Similar DealsMultiFamily16,440 SF
Financed 03/21/2025
FINANCED
Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $3.15M Loan For Bronx Multifamily
591 East 137th Street & 593 East 137th Street
See Similar DealsMultiFamily16,440 SF
Financed 03/21/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:16,440 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 591 East 137th Street & 593 East 137th Street in the Bronx, with a total square footage of 8,220. The transaction involved a loan amount of $3,150,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 591 East 137th Street & 593 East 137th Street
- Market: Bronx
- Lender: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund
- Broker: Rocky Kelemer - Meridian Capital Group
- Loan Type: Bridge
This transaction highlights the roles of key individuals in the financing process, with Eli Ben-Meir, Dylan Kronenberg, and Amit Stern acting as lenders for Arion Fund. Rocky Kelemer represents Meridian Capital Group in this deal, facilitating the financing arrangement to support the multifamily sector.
Players
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LENDER
LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,150,000.00
Monthly NOI$21,000.00
Monthly Debt Service$19,910.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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