Azorim North America Secures $145 Million Refinance Loan From Acore Capital For Multifamily Complex

The property asset involved in this transaction is a multifamily complex located at 601-607 Ridge Hill Boulevard in Yonkers, comprising 364 residential units. The transaction involves a loan amount of $145,000,000, which is intended for refinancing purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $145,000,000
• Address: 601-607 Ridge Hill Boulevard
• Market: Yonkers
• Lender: Warren de Haan - Acore Capital
• Landlord: Azorim North America
• Brokers: Jonathan Zilber & Joel Chetner - Walker & Dunlop
• Loan Type: Refinance
• Units: 364

The loan was secured by Azorim North America and arranged by the brokerage firm Walker & Dunlop, represented by Jonathan Zilber and Joel Chetner. This financing facilitates Azorim's plans for a third tower at the site and contributes to the company's broader development initiatives in Yonkers.