Description

ERG Commercial real Estate is proud to announce the recent finance closing of 3839 Bronxwood Avenue Bronx, NY. The owner of this newly constructed multifamily building in the Bronx was looking to recoup capital from the project to deploy elsewhere. The borrower decided to start the financing process before obtaining a TCO for the property. Due to ERG’s close relationship with our banking partners we were able to close shortly after the client obtained a TCO and prior to the building being included in the affordable New York housing program. (formerly 421A).