United Group Of Cos Secures $42M Construction Loan From Berkshire Bank

The Development Site located at Congress Street & Sixth Avenue in Albany was the subject of a recent transaction involving a loan from Berkshire Bank. The loan amount of $42,000,000 was secured by Michael Uccellini of United Group of Cos for City Station North, a mixed-use project in Troy, adjacent to Albany.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $42,000,000
• Market: Albany
• Lender: Berkshire Bank
• Landlord: Michael Uccellini - United Group of Cos
• Loan Type: Construction

Michael Uccellini, representing United Group of Cos, successfully obtained construction financing from Berkshire Bank for the City Station North project. This transaction highlights the collaboration between the developer, lender, and landlord in bringing the $42 million mixed-use project to fruition.