Arion Fund Provides $2.95M Acquisition Loan For Inwood Multifamily Property With Filler Capital Brokers

The asset involved in this transaction is a multifamily property located on Sherman Ave in Inwood, encompassing a square footage of 23,700 and consisting of 41 units. The acquisition loan amount secured for this property is $2,950,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,950,000
• Market: Inwood
• Square Footage: 23,700
• Units: 41
• Lender: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund
• Brokers: Moe Rosenblum & Isaac Filler - Filler Capital
• Loan Type: Acquisition
• Financing Structure: 75% of the purchase price and 65% of the stabilized value
• Loan Closing Duration: 11 days

Moe Rosenblum of Filler Capital LLC played a pivotal role in arranging the closing of this acquisition loan, which was successfully completed in a short timeframe. The financing was facilitated by Eli Ben-Meir, Dylan Kronenberg, and Amit Stern representing Arion Fund, highlighting the collaborative effort between the brokerage and the lending institution.