Mark Stagg Secures $16.8M Refinance Loan At 915 Elsmere Place In West Farms

The property at 915 Elsmere Place in West Farms, Bronx, a 72-unit residential elevator building with a size of 64,610 square feet, was refinanced for $16.8 million. The loan was secured from Berkadia Commercial Mortgage by the landlord, Mark Stagg of Stagg Group. This refinance loan replaced the original loan of $10.8 million provided by Webster Bank.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $16,800,000
• Lender: Amy Jesberger - Berkadia Commercial Mortgage Llc
• Landlord: Mark Stagg - Stagg Group

Amy Jesberger from Berkadia Commercial Mortgage Llc acted as the lender, facilitating the refinance of the property at 915 Elsmere Place. Mark Stagg, representing Stagg Group, successfully obtained the refinance loan, highlighting the strategic financial management involved in the real estate transaction.