Croes Apartments
$1,900,000 Multifamily Loan from Life Insurance Company
City: Bronx, NY
Loan amount: $1,900,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 8 Units
Transaction description
Matthew Farzinpour of PSRS arranged the $1.9 million refinance of a multifamily property in the Bronx, New York. The subject property is a newly renovated two-story, eight-unit apartment building. PSRS financed the loan through one of its correspondent life insurance companies, providing its borrower with a 59% LTV loan, a five-year term, and a 30-year amortization.
TRANSACTION ADVISORS
Matthew Farzinpour
Vice President
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