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2761 Bronxwood Avenue Multifamily Acquired By 2761 BRONXWOOD LLC With $8M Bridge Loan From BridgeCity Capital- Isaac Blyakher

2761 Bronxwood Avenue
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This MultiFamily property located in NY received a loan of $8,000,000 about 1 year ago.

The property involved in this closed transaction is a multifamily asset located at 2761 Bronxwood Avenue in the Bronx, New York. It comprises 32 units with a total square footage of 24,965. The deal was closed on 03/09/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,000,000
  • Market: Bronx, New York
  • Lender: BridgeCity Capital
  • Borrower: 2761 BRONXWOOD LLC
  • Broker: Isaac Blyakher - BridgeCity Capital
  • Loan Type: Bridge
  • Loan Terms: 12 months; LTV 60%

BridgeCity Capital provided a loan amount of $8,000,000 for the property located at 2761 Bronxwood Avenue. The loan is of bridge type and has a term of 12 months with a 60% loan-to-value ratio. The lender, BridgeCity Capital, is actively financing mixed-use, residential, industrial, and construction projects in various states, including the Tri-State Area and South Florida. For loan inquiries, interested parties can contact [email protected] or visit the lender's website at www.bridgecityfunding.com.

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  • Location
    2761 Bronxwood Avenue2761 Bronxwood Avenue
  • Loan Value
    $8,000,000$8,000,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

LOAN IMAGE: Louis Lebovits & Isaac Blyakher DATE: 03/09/2023 ADDRESS: 2761 Bronxwood Avenue MARKET: Bronx, New York ASSET TYPE: Multifamily ~ UNITS: 32 ~ SF: 24,965 LENDER: BridgeCity Capital (@BridgeCityFunding) BORROWER: 2761 BRONXWOOD LLC BROKER: Isaac Blyakher LOAN AMOUNT: $8,000,000 LOAN TYPE: Bridge LOAN TERMS: 12 months; LTV 60% NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial and construction projects in the Tri-State Area, South Florida, and in various other states. Visit us at www.bridgecityfunding.com or send loan inquiries to [email protected]

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