Aryia Bala Of Malve Capital Closes $630,175 Loan For Bronx Multifamily Purchase And Renovation

The asset involved in this transaction is a multifamily property located in Bronx, featuring a total square footage of 3,414 and comprising 3 units. The loan amount secured for this purchase and renovation is $630,175, providing funding necessary for both acquisition and project completion.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $630,175
• Lender: Aryia Bala - Malve Capital
• Loan Type: Bridge
• Loan Terms: 12 Months
• Initial Funding: $329,175
• Construction Holdback: $301,000
• ARV: $950,000
• Interest Rate: Single Digit

Aryia Bala from Malve Capital serves as the lender in this transaction, showcasing their expertise in providing financing solutions tailored for New York borrowers. The deal reflects their capability to offer substantial leverage and swift execution to meet the needs of active investors looking to renovate and enhance property value in the competitive New York market.