Blue Sky Builders Secures $34 Million Refinance Loan From Wells Fargo For Bronx Multifamily Property

A multifamily residential building located at 806 East 170th Street in the Bronx has a total square footage of 69,622 and consists of 100 units. The property was refinanced under a loan agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Lender: Wells Fargo
• Landlord: Hershy Silberstein - Blue Sky Builders
• Loan Type: Refinance
• Previous Lender: NorthEast Community Bank

The refinancing of the property at 806 East 170th Street was facilitated by Hershy Silberstein, representing Blue Sky Builders, who executed the deal with Wells Fargo. This transaction involved transitioning from a prior loan arrangement, underscoring a strategic financial move for the landlord.