Chestnut Holdings obtained financing of $6M from JPMorgan Chase Bank

Chestnut Holdings through the entity 2050 Valentine Avenue LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank Na valued at $6.1 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 73 residential units at 2050 Valentine Avenue in Fordham. The deal closed on August 27, 2019 and was recorded on September 05, 2019.
The property contains a total of 72,736 square feet of built space.
The average loan per unit is $83,562.
The last time the property sold was February 07, 2008, for $5,840,000.

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Direct link to the city’s interactive property map, ZOLA. link

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