Chase Bank Provides $14 Million Loan For Bronx Multifamily Acquisition By Jacob Schmuckler & Meir Schlusselberg
FINANCED
$19,625,000
New York
See Similar DealsMultiFamily
Financed 09/04/2025
FINANCED
Chase Bank Provides $14 Million Loan For Bronx Multifamily Acquisition By Jacob Schmuckler & Meir Schlusselberg
East 151st Street & 643 Tinton Avenue
See Similar DealsMultiFamily
Financed 09/04/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The Tegford Portfolio is a multifamily property located in the Bronx market. The asset has secured a loan amount of $14,000,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Lender: Chase Bank
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
The transaction involves key representatives from Arrow Real Estate Advisors, specifically Jacob Schmuckler and Meir Schlusselberg, who are instrumental in facilitating the loan arrangement with Chase Bank for the Tegford Portfolio.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,625,000.00
Monthly NOI$130,833.33
Monthly Debt Service$124,043.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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