Aaron Krawitz Of Bravo Property Trust Provides $80M Construction Loan For 194-Unit Development In East Harlem

The property asset involved in this transaction is a development site located at 2201 3rd Avenue in East Harlem, Manhattan. This asset has been earmarked for the construction of a 194-unit Class A multifamily tower. The loan amount associated with this property is $80,000,000 provided specifically for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $80,000,000
• Address: 2201 3rd Avenue
• Market: East Harlem
• Units: 194
• Lender: Aaron Krawitz - Bravo Property Trust
• Loan Type: Construction

The deal features the involvement of Aaron Krawitz, who represents Bravo Property Trust as the lender for this significant construction project. The financing provided supports the development of new multifamily housing in the East Harlem neighborhood, contributing to the area's ongoing growth and development.