FINANCED
Hudson Companies, Gilbane Development, And MHANY Management Secure $256.4M Loan For Hunts Point Development Site
1223 Spofford Avenue
Development Site
Financed 311 days ago
Summary
Loan
NEW YORK
Development Site
The property involved in the transaction is a development site located at 1223 Spofford Avenue in Hunts Point, Bronx. The development project is being undertaken by Hudson Companies, Gilbane Development, and MHANY Management.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $256,400,000
- Lender: NYC Housing Development Corporation
- Landlord: Hudson Companies - David Kramer & William Fowler, Gilbane Development - Robert V. Gilbane & Edward T. Broderick& MHANY Management
- Loan Type: Construction
Hudson Companies, Gilbane Development, and MHANY Management have secured a new construction loan worth $256.4 million from the NYC Housing Development Corporation. The loan is intended for the development project located at 1223 Spofford Avenue in Hunts Point, Bronx.
Players
Details
FINANCED
IMAGE: David Kramer, William Fowler, Robert V. Gilbane & Edward T. Broderick
DATE: 06/28/2023
ADDRESS: 1223 Spofford Avenue
MARKET: Hunts Point, Bronx
ASSET TYPE: Development Site
LENDER: NYC Housing Development Corporation
LANDLORD: Hudson Companies - David Kramer & William Fowler, Gilbane Development - Robert V. Gilbane & Edward T. Broderick& MHANY Management
LOAN AMOUNT: $256,400,000
LOAN TYPE: Construction
NOTE: Hudson Companies, Gilbane Development, and MHANY Management have secured a new construction loan worth $256.4 million from the NYC Housing Development Corporation. The loan is intended for the development project located at 1223 Spofford Avenue in Hunts Point, Bronx.View on map
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Address1223 Spofford Avenue
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