Peter Fine of Atlantic Development Group borrows $8M from Jones Lang Lasalle Multifamily for property in Bronx

Peter Fine of Atlantic Development Group through the entity Vyse Avenue Associates, L.P. as borrower signed a loan agreement with lender Jones Lang Lasalle Multifamily, LLC valued at $8.3 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 96 residential units at 1904 Vyse Avenue in Bronx. The deal closed on March 6, 2020 and was recorded on May 18, 2020.
The property contains a total of 98,524 square feet of built space.
The average loan per unit is $86,771.

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