Bolivar Development Refinances Bronx School At 1006 Westchester Avenue With Deutsche Bank For $52.8M

The asset involved in this transaction is a school located at 1006 Westchester Avenue in Longwood, Bronx. Bolivar Development has refinanced the property with a new loan amounting to $52,800,000. This refinance replaces an earlier loan of $49,400,000 from M&T Bank.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $52,800,000
• Lender: Deutsche Bank
• Landlord: Peter Fine - Bolivar Development
• Loan Type: Refinance

Peter Fine represents Bolivar Development in this transaction, facilitating the refinancing process with Deutsche Bank, which provided the significant loan for the property located at 1006 Westchester Avenue.