Atlantis Development Secures $14.8M Refinance Loan From UBS In Bronx

The multifamily asset at 641 East 223rd Street in Wakefield, Bronx, consisting of 44 units, was the subject of a refinance transaction with a loan amount of $14,800,000. The loan was secured from UBS by Atlantis Development, the landlord of the residential elevator building. The property was previously financed by NorthEast Community Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,800,000
• Lender: Racquel Small & Nicholas Martin - UBS
• Landlord: Robert Lumaj - Atlantis Development
• Address: 641 East 223rd Street
• Market: Wakefield, Bronx
• Loan Type: Refinance

Racquel Small and Nicholas Martin from UBS served as the lenders for the $14.8 million refinance loan. Robert Lumaj, representing Atlantis Development, secured the loan to facilitate the refinancing of the 44-unit residential elevator building in Wakefield.