Alter Kaufman Of KFD Group Secures $8.6M Construction Loan From IceCap Group For Bronx Development

The asset involved is a development site located at 1299 Findlay Avenue in the Claremont Village of Bronx. It has a building square footage of 25,663 and is part of a two-parcel, 42-unit development. The loan amount for this construction project is $8,600,000 with IceCap Group serving as the lender.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $8,600,000
• Address: 1299 Findlay Avenue
• Market: Claremont Village, Bronx
• Asset Square Footage: 25,663
• Lender: IceCap Group
• Landlord: Alter Kaufman - KFD Group
• Broker: Yonah Grunhut - Grun Group
• Loan Type: Construction

Yonah Grunhut of Grun Group, representing 321 E 169 LLC, facilitated the closing of a new-construction loan with IceCap Group for the project at 1299 Findlay Avenue. This transaction highlights the collaboration between the landlord, Alter Kaufman from KFD Group, and the lender, IceCap Group, in advancing the development of the site.