Cushman & Wakefield Arranges Refi for South Bronx Class A Multifamily

Cushman & Wakefield arranged a $26,350,000 loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily property located at 329 E. 132nd St. in the South Bronx. Webster Bank provided the two-year, fixed-rate loan.

A Cushman & Wakefield Equity, Debt & Structured Finance team of Brad Domenico, Frank Stanislaski and Ethan Thompson secured the financing on behalf of the borrower.

“The Bridgeline benefits from a sought-after mix of high-quality Class A product that is situated on a transit-oriented site in The Bronx, affording residents easy access into Manhattan,” said Domenico. “Those fundamentals, combined with stabilized occupancy and amenities typically seen in higher-barrier submarkets, drove significant lender interest for this deal and, ultimately, a smooth close.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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