Life Insurance Company Provides $30 Million Refinance Loan For Bronx Retail Asset

$30,000,000

Building Size

—

Asset Type

Retail

Closing

May 21, 2025

AI

The asset involved in this transaction is a retail property located in the Bronx. The refinance loan amount secured for this asset is $30,000,000, provided by a life insurance company. The property serves as a vital retail hub within its market, emphasizing its relevance in the Bronx area.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $30,000,000
Lender: Life Insurance Company
Loan Type: Refinance
Date: 5/22/2025

The brokers representing the transaction are Morris Betesh and Jack McPhail from Arrow Real Estate Advisors. Their involvement highlights their role in facilitating the refinance deal, ensuring that all processes adhere to the requirements and expectations associated with such financial transactions.

Players