Exact Capital Secures $123.5M Construction Loan For 182-Unit Project In Westchester Square, Bronx | 1340 Blondell Avenue | NYC Housing Development Corporation | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

5,266 sqft

The development site located at 1340 Blondell Avenue in Westchester Square, Bronx, is the subject of a recent property transaction. The site spans approximately 5,266 square feet and is classified as a development site.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $123,500,000
Lender: NYC Housing Development Corporation
Landlord: Exact Capital - Craig Livingston

Exact Capital, represented by Craig Livingston, secured a construction loan of $123.5 million from the NYC Housing Development Corporation. The loan will fund a 182-unit project on the development site at 1340 Blondell Avenue in Westchester Square, Bronx. This new development project is a significant investment in the property and exemplifies Exact Capital's commitment to urban redevelopment.

Players

All
1

Lenders
1

NYC Housing Development Corporation

Details

Deal Summary

FINANCED

IMAGE: Craig Livingston DATE: 06/30/2023 ADDRESS: 1340 Blondell Avenue MARKET: Westchester Square, Bronx ASSET TYPE: Development Site ~ SF: 5,266 LENDER: NYC Housing Development Corporation LANDLORD: Exact Capital - Craig Livingston LOAN AMOUNT: $123,500,000 LOAN TYPE: Construction NOTE: Exact Capital, through the entity Blondell Equities LLC, secured a new construction loan of $123.5 million from the NYC Housing Development Corporation for a 182-unit project at 1340 Blondell Avenue in Westchester Square, Bronx.

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Address1340 Blondell Avenue

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