facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

Grand Concourse

Beitel Group Secures $155M Refinance Loan From Dwight Mortgage Trust For Bronx MultiFamily Property
FINANCEDMultiFamily

Beitel Group Secures $155M Refinance Loan From Dwight Mortgage Trust For Bronx MultiFamily Property

Grand Concourse

$155,000,000

$481/SF

Building Size

321,686 SF

Asset Type

MultiFamily

Closing

Aug 6, 2025

AI

The asset involved in this transaction is a MultiFamily property located at 261 & 315 Grand Concourse in Bronx, NY. The property encompasses a total square footage of 321,686 and comprises 405 residential units. The landlord for this asset is Beitel Group, and the loan amount secured for the refinance is $155,000,000.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $155,000,000
  • Square Footage: 321,686
  • Units: 405
  • Address: 261 & 315 Grand Concourse
  • Market: Bronx, NY
  • Lender: Jack Baron, Katie Goldenberg & Dustin Braham - Dwight Mortgage Trust
  • Landlord: Beitel Group
  • Landlord's Representative: Pinchas Vogel - Landstone Capital Group
  • Loan Type: Refinance

Key individuals in this transaction include lenders Jack Baron, Katie Goldenberg, and Dustin Braham, all representing Dwight Mortgage Trust. The arrangement was facilitated by landlord representative Pinchas Vogel from Landstone Capital Group, ensuring effective collaboration among the parties involved in securing the financing.

Players

Pinchas Vogel

Landstone Capital Group

Broker

$2.3B

vol

29 deals

Broker
DT
Dwight Mortgage TrustLender
Katie Goldenberg

Katie Goldenberg

Dwight Mortgage Trust

Lender

$353.3M

vol

6 deals

Lender
Beitel Group
Beitel GroupLandlord

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93