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Fannie Mae Acquires Multifamily Properties In Bronx For $62M

2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place 305 Bedford Park Boulevard, 675 E 234th Street, 690 Gerard Avenue
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This MultiFamily property located in NY received a loan of $62,019,000 over 3 years ago. The brokers of the deal were Brandon Harris, Robert (Rob) Serra, Bryan Manz, and Emil DePasquale

The multifamily properties located at 2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place, 305 Bedford Park Boulevard, 675 E 234th Street, and 690 Gerard Avenue in Bronx have been involved in a recent closed transaction. The loan date for this transaction was on July 21, 2020. The lender for this transaction is Fannie Mae, through the PGIM Real Estate agency lending program. The loan amount for this transaction was $62,019,000. These properties consist of 432 units in total.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $62,019,000
  • Lender: Fannie Mae (via PGIM Real Estate agency lending program)
  • Loan Date: 07/21/2020
  • Units: 432

In this closed transaction, Fannie Mae, through the agency lending program of PGIM Real Estate, provided a loan of $62,019,000 for the multifamily properties located at 2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place, 305 Bedford Park Boulevard, 675 E 234th Street, and 690 Gerard Avenue in Bronx. The transaction took place on July 21, 2020.

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Deals
  • Location
    2531 Olinville Ave, The Bronx, NY 10467, USA2531 Olinville Ave, The Bronx, NY 10467, USA
  • Loan Value
    $62,019,000$62,019,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies, 1 Lender4 Brokers, 2 Agencies, 1 Lender

Agents

Robert (Rob) Serra

Robert (Rob) Serra

Deals9
Financed$472.6M

Agencies

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals294
Volume$6.3B

Black Bear Asset Management

Black Bear Asset Management

Agency
Deals8
Volume$488.1M

Fannie Mae

Fannie Mae

Lender
Deals59
Volume$ 226.8B

Deal Summary

LOAN DATE: 07/21/2020 ADDRESSES: 2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place 305 Bedford Park Boulevard, 675 E 234th Street, 690 Gerard Avenue MARKET: Bronx ASSET TYPE: Multifamily LENDER: Fannie Mae (via PGIM Real Estate agency lending program) […] LOAN AMOUNT: $62,019,000 UNITS: 432

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2531 Olinville Avenue, 2541 Olinville Avenue, 2545 Olinville Avenue, 3034 Grand Concourse, 215 Mt Hope Place, 111 Mt Hope Place 305 Bedford Park Boulevard, 675 E 234th Street, 690 Gerard Avenue

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