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Meridian Capital Group Secures $7.5 Million Refinance Loan For Bronx Retail Property

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FINANCED
$7,500,000

New York

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Retail36,605 SF
Financed 05/30/2025
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FINANCED

Meridian Capital Group Secures $7.5 Million Refinance Loan For Bronx Retail Property

90 East 170th Street

See Similar Deals
Retail36,605 SF
Financed 05/30/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$204
Total Square Footage:36,605 SF
Transaction Type:Loan

The property asset involved in this transaction is located at 90 East 170th Street in the Bronx, NY. It is a retail asset measuring 36,605 square feet. The loan amount secured for this property is $7,500,000, and it is categorized as a refinance with flexible, interest-only loan terms.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,500,000
  • Loan Type: Refinance
  • Loan Terms: Flexible, interest-only loan
  • Address: 90 East 170th Street
  • Market: Bronx, NY
  • Asset Size: 36,605 SF
  • Broker Representatives: Simon Rosenfeld - Meridian Capital Group, John Bianco - Meridian Capital Group

The key individuals involved in this deal are Simon Rosenfeld and John Bianco, both serving as Senior Vice Presidents at Meridian Capital Group. For additional information regarding financing options and potential value addition through Meridian, prospective clients can reach out to Simon Rosenfeld at 212-612-0110 or [email protected], and John Bianco at 212-612-0297 or [email protected].

Players

John Bianco
31 deals$427.7M volume
BROKER

Simon Rosenfeld
Meridian Capital Group
18 deals$667.9M volume(212) 612-0110
BROKER

Meridian Capital Group
BROKERAGE

Details

FINANCED
IMAGE: Simon Rosenfeld & John Bianco DATE: 5/30/2025 ADDRESS: 90 East 170th Street MARKET: Bronx, NY ASSET TYPE: Retail ~ SF: 36,605 BROKERS: Simon Rosenfeld (@SimonRosenfeldNYC) & John Bianco (@JohnBianco27) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $7,500,000 LOAN TYPE: Refinance LOAN TERMS: Flexible, interest-only loan NOTE FROM BROKER: For more information on how Meridian can add value to your portfolio on your next financing please contact: Simon Rosenfeld Senior Vice President 212-612-0110 [email protected] John Bianco Senior Vice President 212-612-0297 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,500,000.00

Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00