FINANCED
Meridian Capital Group Places $8.1M Construction Loan For Bronx Charter School
629 Courtlandt Avenue
School
28,500 SF
28,500 SF
Financed 310 days ago
Summary
Loan
NEW YORK
School
28,500 sqft
Located at 629 Courtlandt Avenue in Bronx, this 28,500 square foot charter school property has recently undergone a closed transaction. The property is owned by Barone Management and the loan was provided by Low-Income Investment Fund. The deal was facilitated by Adam Hakim and James Murad from Meridian Capital Group, who served as the brokers in this transaction.
Summary of transaction details
- Property Type: Charter School
- Transaction Amount: $8,100,000
- Market: Bronx
- Landlord: Barone Management
- Lender: Low-Income Investment Fund
- Brokers: Adam Hakim & James Murad - Meridian Capital Group
- Loan Type: Construction
The Hakim Team at Meridian Capital Group specializes in debt placement for charter schools in NYC and has successfully facilitated loans for this property type with a mix of Community Development Investment Funds, traditional banks, and debt fund lenders.
Players
Details
FINANCED
IMAGE: Adam Hakim & James Murad
DATE: 06/23/2023
ADDRESS: 629 Courtlandt Avenue
MARKET: Bronx
ASSET TYPE: Charter School ~ SF: 28,500
LANDLORD: Barone Mgmt.
LENDER: Low-Income Investment Fund
BROKERS: Adam Hakim & James Murad (@James_Murad) - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $8,100,000
LOAN TYPE: Construction
NOTE FROM BROKER: The Hakim Team at Meridian Capital Group is the most active debt placement broker for charter schools in NYC and has successfully placed loans for this product type with a mix of Community Development Investment Funds, traditional banks & debt fund lenders.View on map
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Address629 Courtlandt Avenue
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