Paulin Durgaj refis 40-unit Kingsbridge rental with $8M from Arbor Realty Trust

Paulin Durgaj through the entity 235 West Kingsbridge Road LLC as borrower signed a loan agreement with lender Arbor Realty Trust through the entity Arbor Commercial Funding I, LLC valued at $8 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 40 residential units at 235 West Kingsbridge Road in Kingsbridge. The deal closed on July 29, 2020 and was recorded on January 29, 2021.
The property contains a total of 38,082 square feet of built space.
The average loan per unit is $200,000.

There has been one new building permit application Those plans include a total of 40 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link
The signatory for the lender was Kenneth Dowling.

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