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Freddie Mac Loans $8.97M For Multifamily Property In New Rochelle

21 Fountain Place
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This MultiFamily property located in NY received a loan of $8,970,000 about 4 years ago. The brokers of the deal were Max Herzog, Matt Fagella, and Marko Kazanjian

The multifamily property located at 21 Fountain Place in New Rochelle has been involved in a closed transaction. The property, with a total square footage of 44,000, consists of 55 units. The transaction was facilitated by Palladium Management, represented by David Roth, who acted as the landlord. Marko Kazanjian, Max Herzog, and Matt Fagella represented the borrower, acting as brokers.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,970,000
  • Lender: Freddie Mac via CPC Mortgage Company
  • Landlord: Palladium Management - David Roth
  • Broker: Marko Kazanjian, Max Herzog & Matt Fagella
  • Loan Terms: 10-year Permanent Refinancing

The loan, totaling $8,970,000, was provided by Freddie Mac through CPC Mortgage Company. The terms of the loan include a 10-year permanent refinancing agreement. This transaction showcases the collaboration between the tenant, represented by Palladium Management, and the lender, Freddie Mac. Marko Kazanjian, Max Herzog, and Matt Fagella played a vital role in facilitating the transaction as brokers.

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Deals
  • Location
    21 Fountain Place, New Rochelle, NY, USA21 Fountain Place, New Rochelle, NY, USA
  • Loan Value
    $8,970,000$8,970,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Matt Fagella

Matt Fagella

Deals10
Financed$431.5M

Max Herzog

Max Herzog

Deals39
Financed$2B

Marko Kazanjian

Marko Kazanjian

Deals33
Financed$2.3B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Freddie Mac

Freddie Mac

Lender
Deals88
Volume$ 468.8B

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Deal Summary

LOAN IMAGE: Marko Kazanjian & David Roth DATE: 01/08/2020 ADDRESS: 21 Fountain Place MARKET: New Rochelle ASSET TYPE: Multifamily LENDER: Freddie Mac via CPC Mortgage Company LANDLORD: Palladium Management - David Roth BROKER: Marko Kazanjian, Max Herzog & Matt Fagella LOAN AMOUNT: $8,970,000 LOAN TERMS: 10-year Permanent Refinancing RSF: 44,000 UNITS: 55

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21 Fountain Place

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