Private Money Lenders LLC Provides $3.52M Construction Loan For Multifamily Property On Mapes Ave. In Bronx | 2046 Mapes Avenue | Private Money Lenders | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

4,875 sqft

A construction loan has been closed for a multifamily property located at 2046 Mapes Ave. in the Bronx. The property consists of 19 units with a total square footage of 4,875. The borrower and their team worked with Private Money Lenders LLC, represented by Payam Pedram, to secure a loan amount of $3,520,500. The loan was closed in just 4 business days, showcasing an efficient process for the borrower.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $3,520,500
Square Footage: 4,875
Units: 19
Address: 2046 Mapes Ave.
Market: Bronx

The borrower and their team collaborated closely with Payam Pedram of Private Money Lenders LLC to successfully close this construction loan. The efficient process led to the loan being finalized in just 4 business days, demonstrating a strong partnership between the borrower and their lender.

Players

All
1

Lenders
1

Private Money Lenders

Details

Deal Summary

FINANCED

IMAGE: Payam Pedram DATE: 10/15/2021 ADDRESS: 2046 Mapes Ave. MARKET: Bronx ASSET TYPE: Multifamily ~ SF: 4,875 ~ UNITS: 19 LENDER: Private Money Lenders LLC (@GetPrivateMoney) - Payam Pedram (@pympdr) LOAN AMOUNT: $3,520,500 LOAN TYPE: Construction Loan NOTE FROM LENDER: It was a pleasure to work with the borrower & his team to close this loan in 4 business days.

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Address2046 Mapes Avenue

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