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310 Grand Concourse
FINANCED

BridgeCity Capital Provides $54M Construction Loan For 310 Grand Concourse Development Site In Mott Haven

310 Grand Concourse

Development Site
135,000 SF
clock iconFinanced 1 year ago
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Summary

Loan
NEW YORK
Development Site
135,000 sqft

310 Grand Concourse, located in the Mott Haven neighborhood of the Bronx, has recently secured a construction loan. The development site spans a total buildable square footage (BSF) of 135,000. Approved plans for the site include a fourteen-story building featuring 150 residential rental units, 3 commercial spaces, and 69 parking spaces.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $54,000,000
  • Lender: BridgeCity Capital - Moishe Loketch, Louis Lebovits & Allan Lebovits
  • Loan Type: Construction Loan

BridgeCity Capital, represented by Moishe Loketch, Louis Lebovits, and Allan Lebovits, is the lender behind this significant loan. The loan amount secured for the development project is $54,000,000. This financing will support the construction of the fourteen-story building, which is set to include 150 residential rental units, 3 commercial spaces, and 69 parking spaces. The project is located at 310 Grand Concourse in the thriving Mott Haven market.

Players

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    2

  • Agents

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  • Lenders

    1

Louis Lebovits's profile picture
Louis Lebovits
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COO & General Counsel
$2.9M Sold

Details

Deal Summary
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FINANCED
IMAGE: Moishe Loketch, Louis Lebovits & Allan Lebovits DATE: 07/30/2021 ADDRESS: 310 Grand Concourse MARKET: Mott Haven ASSET TYPE: Development Site 🏗 ~ BSF: 135,000 LENDER: BridgeCity Capital - Moishe Loketch, Louis Lebovits & Allan Lebovits LOAN AMOUNT: $54,000,000 LOAN TYPE: Construction Loan NOTE: 310 Grand Concourse is a new construction development in the Mott Haven neighborhood of the Bronx with approved plans for a fourteen (14) story building consisting of 150 residential rental units, 3 commercial spaces, and 69 parking spaces.

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Address310 Grand Concourse

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