Joseph Strulovitch Secures $12 Million Refinance For Bronx Single Tenant Property From TD Bank
New York
See Similar DealsJoseph Strulovitch Secures $12 Million Refinance For Bronx Single Tenant Property From TD Bank
1710 Webster Avenue
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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.
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