350 East Fordham Rd – $17,300,000 – Cash-out Financing Within 8 Months

Berko & Associates Finance and Capital Markets Team, in cooperation with Lee Silpe and Isaac Douek, have successfully procured cash-out financing for a single tenant retail asset with a regional non-credit tenant along bustling Fordham Road in the Bronx. The asset was acquired 8 months prior and the Team provided cash out financing at an outstanding 75% LTV with a 4.1% Interest Rate, Interest-Only for 10 years straight.