FINANCED
MF1 Capital Provides $32M Bridge Loan For Multifamily Property In New Rochelle
20 Burling Lane
MultiFamily
130,000 SF
130,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
130,000 sqft
The recent closed property transaction in New Rochelle involved a multifamily asset located at 20 Burling Lane. The property, whose image was shared by Phil Bowman and Emil DePasquale, was the subject of a loan deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Market: New Rochelle
- Lender: MF1 Capital
- Brokers: Bryan Manz, Emil DePasquale, and Phil Bowman - @BlackBearCapitalPartners
The loan amount for this transaction was $32,000,000, which was secured through a two-year bridge loan provided by MF1 Capital. The loan will be utilized to retire approximately $25 million of debt and provide additional funds for the property.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: IMAGE: Phil Bowman & Emil DePasquale
DATE: 10/07/2020
ADDRESS: 20 Burling Lane
MARKET: New Rochelle
ASSET TYPE: Multifamily
LENDER: MF1 Capital
BROKERS: Bryan Manz, Emil DePasquale, and Phil Bowman – @BlackBearCapitalPartners
LOAN AMOUNT: $32,000,000
LOAN TERMS: Two-year bridge loan
NOTE: The $32 million, two-year bridge loan will be utilized to retire about $25 million […]View on map
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Address20 Burling Lane
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