Joseph Strulovitch Secures $12 Million Refinance For Bronx Single Tenant Property From TD Bank

The asset involved is a single-tenant property located at 1710 Webster Avenue in the Bronx, featuring a total square footage of 50,000. The lender involved in this transaction is TD Bank, with Anthony Viskovitch representing them. The transaction involves a refinance loan of $12,000,000 with a term of 5 years.

Summary of transation details:

• Property Type: Single Tenant
• Transaction Amount: $12,000,000
• Lender: TD Bank
• Lender's Representative: Anthony Viskovitch
• Landlord: Joseph Strulovitch
• Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital
• Loan Type: Refinance
• Loan Terms: 5 year term

This transaction involves a cash-out refinance secured for a New York City Public School property, allowing for the unlocking of equity while securing long-term financing. The landlord's representatives are Meir Kessner and David Eisen from Seven Stone Capital, who facilitated the arrangement.