Life Co Provides $14.9 Million Refinance Loan For Bronx Multifamily Property With Broker Charlie Lefkowitz

The asset involved in the transaction is a multifamily property located in the Bronx. It encompasses a total square footage of 26,000 and includes 50 units. The loan amount secured for the refinance is $14,900,000, with a loan term of 5 years. This transaction utilizes a ground-up refinance to perm structure under the 421A program, with Life Co serving as the new lender.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,900,000
• Square Footage: 26,000
• Units: 50
• Lender: Life Co
• Broker: Charlie Lefkowitz
• Loan Type: Refinance
• Loan Terms: 5 Years

The transaction was facilitated by broker Charlie Lefkowitz, who played a crucial role in securing the loan with Life Co. This structured financial arrangement reflects a strategic move within the context of the Bronx market and reinforces the significance of multifamily assets in urban settings.