Stagg Group Secures $12.2M Loan From Berkadia Commercial Mortgage For Bronx Multifamily

The multifamily property located at 761 E. 233rd St. in the Bronx recently secured a $12.2 million loan from Berkadia Commercial Mortgage. This loan amount will provide financial support for the property's owner, Stagg Group, in their ongoing operations and investments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,200,000
• Lender: Berkadia Commercial Mortgage
• Landlord: Stagg Group - Mark Stagg

This loan transaction highlights the partnership between Stagg Group and Berkadia Commercial Mortgage. Stagg Group, led by Mark Stagg, is a prominent player in the real estate market, particularly in the Bronx area. Their portfolio encompasses various properties, including this multifamily asset at 761 E. 233rd St.

Berkadia Commercial Mortgage, a reputable lender, recognized the value and potential of Stagg Group's multifamily property, leading to the approval of the $12.2 million loan. This financial resource will contribute to the growth and development of the property, ensuring its continued success in the Bronx market.