Ponce Bank Refinances $2.4M Loan For Multifamily Property In Westchester

A multifamily property located at 9 Rochelle Terrace in Westchester was recently involved in a loan transaction. The property spans 15,300 square feet and comprises 21 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Loan Type: Refinance
• Loan Terms: Rate - 4.875%, Term - 15 Years

Ponce Bank provided a loan amount of $2,400,000 to assist with the refinance. The loan terms include a rate of 4.875% and a term of 15 years. The landlord, Jeff Walker, was represented by Edward McCarthy from Redwood Capital Advisors.