J.P. Morgan Chase Provides $24.3M Refinance Loan For Mixed-Use Properties In Bronx And Long Island City

The mixed-use property located at 41-15 & 41-29 46th St. & 3804 Greystone Ave. in Bronx and Long Island City has recently undergone a loan refinancing transaction. The property, with an undisclosed market value, is owned by unknown parties. It consists of a combination of both residential and commercial units, offering a diverse range of uses. The transaction took place on March 28, 2022.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $24,265,000
• Market: Bronx, Long Island City

J.P. Morgan Chase acted as the lender for this refinancing deal. The loan amount of $24,265,000 was provided to the undisclosed property owners. Assisting in this transaction were Josh Rhine and Ezra Sutton from the Meridian Capital Group, who acted as brokers for the deal.

Through the refinancing loan, the property owner(s) now have the opportunity to restructure their debt obligations. This transaction was made possible by the involvement of J.P. Morgan Chase as the lender, providing favorable terms and conditions for the refinancing process.