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$305 million construction loan issued for upcoming two-tower development with 755 units in Mott Haven – Bronx Times
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$305 million construction loan issued for upcoming two-tower development with 755 units in Mott Haven – Bronx Times
SCALE Lending has issued a $305 million construction loan for the creation of connected 26-story and 40-story towers with 755 total housing units at 355 Exterior St. in the Mott Haven section of the Bronx. This loan will span 18 months, with two optional six-month extensions also available. Landstone Capital Group arranged the loan with SCALE Lending. The development will take up 515,000 square feet. The 755 residences will range from studios to…
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