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Developer Secures $135 Million Loan for 261-315 Grand Concourse in Mott Haven, The Bronx
Developer Beitel Group has secured a $135 million construction loan to complete two adjacent residential projects at 261 and 315 Grand Concourse in Mott Haven, The Bronx. Designed by S. Weider Architect PC, the 14-story structures will span a combined 348,000 square feet and yield 405 rental units in studio to two-bedroom layouts, as well… Read more »
SCALE Lending Provides $75M Bridge Loan For 110 Bergen Turnpike In Little Ferry, New Jersey
SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan to Capodagli Property Company, a family-owned real estate development and management firm based in New Jersey. The financing will support the completion, lease-up, and stabilization of 110 Bergen Turnpike, a two-building development in Little Ferry, New Jersey. The… Read more »
Scale Lends $150M to Finish Bronx Multifamily Property
Ben Beitel’s Beitel Group, a New York based development firm, has secured $150 million in construction financing to build a 13-story, 450-unit multifamily property in the Mott Haven neighborhood of The Bronx. Slate Property Group’s debt financing business SCALE Lending provided the financing for the 289,000-square-foot asset that is currently in mid-construction. Landstone Capital Group’s… Read more »