FINANCED
Webster Bank Provides $47.5M Loan For Bronx Multifamily Acquisition
1065 Jerome Avenue
Package Deal
3,403,294 SF
3,403,294 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Package Deal
3,403,294 sqft
The multifamily property located in the Bronx at 1065 Jerome Avenue, 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1534 Selwyn Avenue, 2353-2357 Crotona Avenue, 2543-2567 Decatur Avenue, and 2608 Creston Avenue has been involved in a closed loan transaction. The loan, amounting to $47,500,000, was provided by Webster Bank for the purpose of acquisition. The property spans a total square footage of 497,824 and is owned by InterVest.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $47,500,000
- Loan Type: Acquisition
Cushman & Wakefield represented the parties involved in the transaction, with Gideon Gil, Lauren Kaufman, Zachary Kraft, Sebastian Sanchez, Cecelia Galligan, Eric Roth, and Tyler Signora serving as the brokers. They played a significant role in facilitating the loan agreement between Webster Bank and InterVest.
Players
All
6
Agents
4
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Gideon Gil, Lauren Kaufman, Zachary Kraft, Sebastian Sanchez, Cecelia Galligan, Eric Roth & Tyler Signora
DATE: 04/07/2023
ADDRESS: 1065 Jerome Avenue, 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1534 Selwyn Avenue, 2353-2357 Crotona Avenue, 2543-2567 Decatur Avenue & 2608 Creston Avenue
MARKET: Bronx
ASSET TYPE: Multifamily ~ SF: 497,824
LENDER: Webster Bank (@WebsterBank)
LANDLORD: InterVest
BROKERS: Gideon Gil, Lauren Kaufman, Zachary Kraft, Sebastian Sanchez, Cecelia Galligan, Eric Roth & Tyler Signora - Cushman & Wakefield (@CushWake)
LOAN AMOUNT: $47,500,000
LOAN TYPE: Acquisition
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Address1065 Jerome Avenue
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