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

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FINANCED
$145,000,000
Jonathan Zilber

New York

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MultiFamily
Financed 10/01/2025
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Property Image
FINANCED

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

601 Ridge Hill Boulevard & 607 Ridge Hill Boulevard

See Similar Deals
MultiFamily
Financed 10/01/2025
Jonathan Zilber
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Jonathan Zilber
22 deals$1.1B volume(440) 298-2058
BROKER

Joel Chetner
Walker & Dunlop
7 deals$462.9M volume
BROKER

Walker & Dunlop
BROKERAGE


Details

FINANCED
IMAGE: Warren de Haan, Jonathan Zilber & Joel Chetner DATE: 10/01/2025 ADDRESS: 601-607 Ridge Hill Boulevard MARKET: Yonkers ASSET TYPE: Multifamily ~ UNITS: 364 LENDER: Warren de Haan - Acore Capital LANDLORD: Azorim North America BROKERS: Jonathan Zilber (@JonathanZilber) & Joel Chetner - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $145,000,000 LOAN TYPE: Refinance NOTE: Azorim North America secured a $145 million debt package from Acore Capital to refinance its 364-unit Miroza at Ridge Hill multifamily complex in Yonkers, N.Y. The financing, arranged by Walker & Dunlop, comes as Azorim advances plans for a third tower at the site and expands its broader Yonkers development pipeline.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$145,000,000.00

Monthly NOI$966,666.67
Monthly Debt Service$916,498.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00