Arrow Arranges Freddie Mac Loan on Bronx Multifamily
Arrow Real Estate Advisors secured a $12,091,000 Freddie Mac loan for a multifamily property at 3030 Middletown Rd. in the Bronx. Senior director Eli Serebrowski and VP Meir Schlusselberg arranged the financing on behalf of client H Holding Group / Magen Capital, led by Sharon Hakmon.
The 50,916-square-foot property includes 46 residential apartments and 2 commercial units, and the new loan replaces a maturing mortgage. Arrow secured a five-year loan with two years of interest-only payments at a rate of 5.41%, providing the borrower with long-term stability and attractive terms amidthe currently volatile rate environment.
“In a rapidly shifting market, rates fluctuated almost daily,” said Serebrowski. “Our team worked closely with Walker & Dunlop to lock in a favorable rate and deliver the right structure for our client. We’re proud to have helped a valued borrower navigate these conditions successfully.”
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JLL Arranges Refi for Mixed-Use Residential on Long Island’s South Shore
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RioCan Repositions $235M In Assets, Including 80-Storey Yorkville Tower
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout