Deda M. Shkreli And Nicky Lumaj Secure $22.5M Construction Loan For Bedford Park Development

The property asset involved in the transaction is located at 2879 Valentine Avenue in Bedford Park, Bronx. This is a development site with a total square footage of 2,618 and a buildable square footage of 61,705. The property is associated with a construction loan of $22,500,000.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Loan Type: Construction
• Address: 2879 Valentine Avenue
• Market: Bedford Park, Bronx
• Lender: Northeast Community Bank
• Landlord: Deda M. Shkreli & Nicky Lumaj

Deda M. Shkreli and Nicky Lumaj, through their entity 2877 Valentine LLC, secured this construction loan from Northeast Community Bank, which will facilitate the development of a 99-unit residential building at the aforementioned address.