$28 Million Construction Loan Secured By Morris Betesh, Jacob Schmuckler & Jacob Petrovic For Multifamily Asset In Yonkers

The asset involved in this transaction is a multifamily property located at 70 Jackson Street in Yonkers. The transaction includes a construction loan amounting to $28,000,000, facilitating the development of the property in a dynamic market environment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Lender: BHI
• Landlord's Representative: Morris Betesh, Jacob Schmuckler & Jacob Petrovic - Arrow Real Estate Advisors
• Loan Type: Construction

The key individuals involved in this transaction are Morris Betesh, Jacob Schmuckler, and Jacob Petrovic, who are representing the landlord in this deal through their agency, Arrow Real Estate Advisors, demonstrating their role in facilitating this substantial loan transaction.