Columbia Pacific Advisors Provides $36M Loan For Development Site In Bronx

An exciting development site located at 301 West Fordham Road in the Bronx has recently closed in a transaction. The property, which is classified as a Development Site, boasts an impressive buildable square footage (BSF) of 480,320. The deal was finalized on July 1, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $36,000,000
• Address: 301 West Fordham Road
• Market: Bronx
• BSF: 480,320

Key individuals and companies involved in this transaction include:

• Lender: Columbia Pacific Advisors represented by Will Nelson
• Landlord: Dynamic Star represented by Gary Segal and Brad Zackson
• Brokers: Shlomo Weissberg and Shamir Seidman from Meridian Capital Group

This deal exemplifies the continued growth and development in the Bronx market. The involvement of reputable lenders, experienced landlords, and skilled brokers underscores the significance of this transaction. Such high-profile deals contribute to the overall progress and success of the real estate industry in the area.