FINANCED
National Resources And Great Point Media Secure $42.2M Loan For Development Site In Yonkers
1050 North Broadway
Development Site
Financed 309 days ago
Summary
Loan
NEW YORK
Development Site
A joint venture between National Resources and Great Point Media has secured financing from First Citizens Bank's Real Estate Finance division, a part of CIT, for the development of 1050 North Broadway in Yonkers, New York. The $42.2 million loan will support the construction of an entertainment production facility at the site.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $42,200,000
- Address: 1050 North Broadway, Yonkers, New York
- Market: Yonkers
- Asset Type: Development Site
- Building Square Footage: 112,400
The joint venture between National Resources and Great Point Media, led by Joseph Cotter, will oversee the development of the entertainment production facility at 1050 North Broadway. The project promises to bring new amenities and opportunities to the Yonkers market, catering to the growing demand for entertainment and production facilities in the area. Real Estate Finance, represented by Chris Niederpruem and Juan Vives, provided the financing for the venture, supporting the joint venture's vision and plans for the site.
Details
FINANCED
IMAGE: Joseph Cotter
DATE: 07/12/2023
ADDRESS: 1050 North Broadway
MARKET: Yonkers
ASSET TYPE: Development Site ~ BSF: 112,400
LENDER: Real Estate Finance - Chris Niederpruem & Juan Vives
LANDLORD: National Resources - Joseph Cotter & Great Point Media
LOAN AMOUNT: $42,200,000
NOTE: First Citizens Bank's Real Estate Finance division, a part of CIT, has granted $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, an entertainment production facility in Yonkers, New York.View on map
Loading...
Address1050 North Broadway
Comparables
Reset filters to show results.