Wells Fargo Provides $621.5M Refinancing Loan For Co-op City Multifamily Property
Co-op City
MultiFamily
15,372 SF
15,372 SF
Financed 1 year ago
Summary
The Co-op City multifamily property located in the Bronx has recently undergone a refinancing transaction. The transaction, completed on April 28, 2022, involved a loan from Wells Fargo to the property's landlord, Riverbay Corporation. The loan amount for this transaction was $621,500,000, and it was used to refinance the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $621,500,000
- Address: Co-op City
- Market: Bronx
- Units: 15,372
This refinancing deal was facilitated by Wells Fargo, acting as the lender in the transaction. Riverbay Corporation, the landlord of the Co-op City property, worked with their representative from Wells Fargo to secure the loan for the property. With a total of 15,372 units, this multifamily property has successfully refinanced its loan to continue its operations in the Bronx market.
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