Mendel Chazanow Of Diamond National Investments Refinances Bronx Multifamily For $75.8M With Wells Fargo

The asset involved in this transaction is a 218-unit residential and parking condo located at 1010 Washington Avenue, in the Morrisania neighborhood of the Bronx. The property underwent a refinancing process through a loan amounting to $75,800,000 provided by Wells Fargo. This refinancing replaced a prior debt of $63,000,000 that was held by Popular Bank.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $75,800,000
• Lender: Wells Fargo
• Landlord: Mendel Chazanow - Diamond National Investments
• Previous Debt: $63,000,000 from Popular Bank
• Transaction Date: 09/18/2026

The transaction involved Mendel Chazanow, representing Diamond National Investments, who secured the refinancing for the property. This refinancing solution was structured to enhance the financial position of the investment group overseeing the management of the 218 residential units and the parking facilities at the site.