L&M Development Partners And Harlem Congregations Secure $86.9 Million Loan From M&T Bank For Harlem Development

The asset involved in this transaction is a development site located at 31 West 110th Street in Harlem, Manhattan. It encompasses a building square footage of 121,476. The loan amount secured for this project is $86,900,000, designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $86,900,000
• Address: 31 West 110th Street
• Market: Harlem, Manhattan
• Lender: M&T Bank
• Landlord: Lisa Gomez - L+M Development Partners & Harlem Congregations For Community

L+M Development Partners and Harlem Congregations For Community Improvement, through Seneca 110 Developer LLC, are the key entities involved in securing the construction loan from M&T Bank for the redevelopment of the property at 31 Central Park North in Harlem, Manhattan.