Lulzim Leguci And Andrea Gjini Secure $23.4M Loan From Northeast Community Bank For Development Site

The asset involved in this transaction is a development site located at 19 East 198th Street in the Bedford Park neighborhood of the Bronx. The property is set for the construction of a residential building comprising 99 units with a total square footage of 52,819. The loan amount secured for this development is $23,400,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,400,000
• Lender: Northeast Community Bank
• Landlord: Lulzim Leguci & Andrea Gjini
• Loan Type: Construction

Lulzim Leguci and Andrea Gjini are the landlords involved in this transaction who successfully secured the construction loan from Northeast Community Bank to facilitate the development of the residential building at the specified address.