SCALE funds $55M construction loan for LIC condo
SCALE Lending announced that it has closed on a $55 million construction loan to complete the development of The Nova in Long Island City.
Being developed by SB Development, designed by Fogarty Finger and built by 1 Oak Construction, The Nova is set to be completed in June 2022.
Hakimian, Certes land $59M loan for East Harlem multifamily project
A joint venture between the Hakimian Organization and Certes Partners is moving forward with an apartment project in East Harlem.
Scale Lending, the financing arm of Slate Property Group, provided Hakimian, Certes Partners and Red Pine Capital Partners with a $59 million construction loan for the project at 212 East 125th Street, the lender told The Real Deal.
