Clay Ave Apartments

Transaction description

Matthew Farzinpour arranged the $2.1 million refinance of a 10-unit apartment building in The Bronx, New York. Following a complete 2026 gut renovation, the multifamily property was financed through a correspondent life insurance company, delivering a 64% LTV loan featuring a five-year term, a 25-year amortization schedule, and the option to fully amortize the loan at the borrower’s discretion.