American Community Bank Provides $1.3M Loan For Acquisition Of Retail Property In Bronx

The retail property at 1436-1446 East Gun Hill Road in Bronx has been involved in a recent loan transaction. The property spans a total area of 7,700 square feet and is now under new ownership.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $1,310,000
• Loan Type: Acquisition
• Loan Terms: 5 Years Fixed / 25 Year Amortization

American Community Bank provided a loan amount of $1,310,000 for the acquisition of the retail property located at 1436-1446 East Gun Hill Road in Bronx. The loan terms include a 5-year fixed period and a 25-year amortization schedule. Eden Ashourzadeh is the landlord of the property, while Jason Au of Au Consultants Inc represented the buyer as the broker in this transaction.