Scale Lending Supplies $71M Construction Loan for NJ Apartments
Capodagli Property Company has landed $71 million of construction financing to build a new multifamily property in northern New Jersey, Commercial Observer has learned.
Scale Lending, the financing arm of Slate Property Group, supplied the loan, which will finance ground-up construction of the 294-unit 110 Bergen Turnpike development in Little Ferry, N.J. The transaction was arranged by Greystone Capital Advisors’ Drew Fletcher, Bryan Grover, and Miryam Reinitz-Kops.
Scale’s $48M loan kicks off first phase of New Rochelle project
A block of New Rochelle is getting a new look, amid a larger transformation of the city’s downtown.
On a nondescript lot next to a humble, two-story brick building home to Green Heaven Cleaners, Allstate Ventures will erect a 14-story, 144-unit mixed-use building, financed by a newly issued $48 million construction loan from Slate Property Group affiliate Scale Lending.
Bruman secures $66M loan to build 165-unit Astoria apartment tower
SCALE Lending, a Slate Property Group affiliate, has closed on a $65.9 million construction loan to finance the ground up construction of a residential project at 26-25 4th Street in Astoria, Queens
Located within walking distance of Hallets Point and Astoria Park, 26-25 4th Street will be a new 165-unit residential building, 30 percent of which will be affordable housing. Bruman Realty, the development and investment firm led by Joseph Brunner and Abe Mandel, is the developer of the 19-story property. The financing was arranged by The SHB Group.
Scale Lending Supplies $40M Loan for New Clinton Hill Apartment Building
Developers Ranger Properties and KD Sagamore Capital have nabbed a $40 million construction loan to build a new multifamily property in Clinton Hill, Brooklyn, Commercial Observer has learned.
Scale Lending, the financing arm of Slate Property Group, provided the debt package for the ground-up construction project at 982-988 Fulton Street. The development will feature 113 apartments, with 30 percent of the units set aside for affordable housing.