Life Company Provides $22 Million Refinance Loan For 99-Unit Multifamily Property In Bronx NY
$22,000,000
$594/SF
Building Size
37,000 SF
Asset Type
MultiFamily
Closing
Nov 6, 2025
AI
The property asset involved in the transaction is a multifamily building located in the Bronx, NY, featuring 37,000 square feet and consisting of 99 units. The transaction was financed through a refinance loan amounting to $22,000,000 with a term of 30 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Loan Type: Refinance
- Loan Terms: 30 Years
- Lender: Life Co
- Broker: Charlie Lefkowitz - FundMe Commercial Real Estate Funding
- Market: Bronx, NY
This refinancing deal was facilitated by Charlie Lefkowitz, representing the borrower through FundMe Commercial Real Estate Funding. The loan was structured to support the ongoing operations of the multifamily property and enhance its financial viability in the Bronx market.
Market 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93