Stagg Group Secures $31.87 Million Refinance Loan From Matt Nihan Of Berkadia For Bronx Multifamily

The property asset is a multifamily unit building located at 4180 Carpenter Avenue in the Bronx, comprising 92 units. The transaction involves a loan amount of $31,878,000 for refinancing purposes, under a fixed-rate structure for 10 years with 7 years interest only.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,878,000
• Lender: Matt Nihan - Berkadia via Freddie Mac
• Landlord: Stagg Group
• Loan Type: Refinance
• Loan Terms: Fixed-rate 10 years with 7 years interest only

Key individuals involved in this transaction include Matt Nihan, representing the lender Berkadia, and the landlord is represented by the Stagg Group. This deal highlights the collaboration between the financial institution and the property management entity.