CBRE PRESS RELEASE – $8M Financing Yonkers Market with NuRealty Advisors Inc.
- Listing type: Sold
- Property type: Multi-Family
P R E S S R E L E A S E CBRE
CBRE ARRANGES $8.0 MILLION IN ACQUISITION FINANCING FOR A SIX-PROPERTY
MULTIFAMILY PORTFOLIO IN YONKERS * * *
NEW YORK, NY (July 14, 2016) – CBRE Capital Markets’ Debt & Structured Finance team has arranged $8.0 million in acquisition financing for a six-property multifamily portfolio in Yonkers, NY. The portfolio was sold by Michael Nukho, principal broker, and Lukasz Przybylek, associate broker, both representing NuRealty Advisors Inc., who is based in Yonkers, NY.
Financing was facilitated by Jared Sobel, vice president in CBRE’s Manhattan office. CBRE was able to secure a $8.0 million, 5-year, interest-only, non-recourse, fixed-rate loan, in the mid 3% range, which was ultimately funded by Freddie Mac & a local New Jersey savings bank.
Mr. Sobel commented “This Yonkers Portfolio represents a tremendous opportunity to enter a submarket outside Manhattan where real estate values are flourishing. I believe the borrower capitalized on the right properties, at the right cap rate, and I am confident this portfolio will be a success.
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