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

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.