Ruben D. Luna Secures $4.5 Million Refinance Loan From J.P. Morgan Chase In Bronx Retail Transaction
2182 White Plains Road
$4,500,000
Building Size
—
Asset Type
Retail
Closing
Apr 16, 2026
About this deal
AI
The asset involved in this context is a retail property located at 2182 White Plains Road in the Bronx. The loan amount for the refinance transaction is $4,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Lender: J.P. Morgan Chase
- Landlord: Ruben D. Luna
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Refinance
- Date of Transaction: 4/17/2026
The key individuals involved in this transaction include Ruben D. Luna, who is the landlord, and Ezra Sutton representing him as the broker from Meridian Capital Group. The lender for this transaction is J.P. Morgan Chase.
On the Map
$4,500,000
Retail
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Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93