Scott Jaffee Of Metropolitan Realty Group Secures $89.9M Fannie Mae Loan For Cromwell Towers Apartments

The asset involved in this transaction is Cromwell Towers Apartments, a multifamily property consisting of 317 units located at 77 Locust Hill Avenue in Yonkers. The market for this asset is Yonkers, and the property has secured a loan amount of $89,900,000 for refinancing purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $89,900,000
• Lender: Fannie Mae
• Landlord: Scott Jaffee - Metropolitan Realty Group
• Broker: Eric Rosenstock - Greystone
• Loan Type: Refinance

Scott Jaffee represents Metropolitan Realty Group in this transaction, securing the loan through broker Eric Rosenstock from Greystone, facilitating the refinance of the complex aimed at maintaining affordable housing in the area.