Flushing Bank Loans $26.25M For Bronx Affordable Housing Acquisition

Flushing Bank, represented by Albert Bozzolo, has provided a $26,250,000 loan for the acquisition of several affordable housing properties in the Bronx. The properties include 719 & 963 Prospect Avenue, 2287 University Avenue, 2323 Davidson Avenue, 1848 Anthony Avenue, 110 East 182 Street, 1105, 1214, 1216 & 1218 Hoe Avenue, 1071 West Farms Road, 757-759 Dawson Street, and 1070 & 1072 Fox Street.

Summary of transaction details:

• Property Type: Affordable Housing
• Transaction Amount: $26,250,000
• Lender: Flushing Bank - Albert Bozzolo
• Landlord: David Somerstein
• Brokers: Isaac Filler, Yossi Koschitzki & Elliot Levy - Meridian Capital Group

The loan provided by Flushing Bank, with Albert Bozzolo as the representative, will support the acquisition of these affordable housing properties. The landlord, David Somerstein, facilitated the transaction, while the Meridian Capital Group, represented by Isaac Filler, Yossi Koschitzki, and Elliot Levy, served as the brokers involved in the deal.