Life Company Provides $22 Million Refinance Loan For 99-Unit Multifamily Property In Bronx NY
FINANCED
$22,000,000
New York
See Similar DealsMultiFamily37,000 SF
Financed 11/06/2025
FINANCED
Life Company Provides $22 Million Refinance Loan For 99-Unit Multifamily Property In Bronx NY
MultiFamily37,000 SF
Financed 11/06/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$594
Total Square Footage:37,000 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,000,000.00
Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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