Bronx investor refinances trio of properties with $25M loan
Black Bear Capital Partners (BBCP) has arranged $25.5 million in permanent financing on behalf of a private investor for the refinance of three multi-family properties in the Bronx, NY. The properties are owned by longtime investor Edward Friedman’s Friedman Realty, according to public records. The $25.5 million loan, provided by Fannie Mae through PGIM Real Estate’s agency lending program, featured a fixed interest rate of 3.14 percent for 12 years with five years of interest-only payments followed by thirty-year amortization schedules . The three multi-family properti...
Source: rew-online.com