Mount Hope Apartments
$2,500,000 Multifamily Loan from Life Insurance Company
City: The Bronx, NY
Loan amount: $2,500,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 10 Units
Transaction description
Matthew Farzinpour of PSRS arranged the $2.5 million refinance of a multifamily property in The Bronx, New York. The three-story apartment building consists of 10 units. Secured through one of PSRS’s life insurance companies, the loan features a 65% loan-to-value (LTV) ratio, a three-year term, a 30-year amortization, and the option to fully amortize the loan at the borrower’s discretion.
TRANSACTION ADVISORS
Matthew Farzinpour
Vice President
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