Lionheart Strategic Management Provides $111.3 Million Loan For Mineola Development Site

The property asset involved is a development site located at 212 3rd Street in Mineola. It is set for a nine-story condo development named The Bridge, comprising 101 units. The construction financing secured for this project amounts to $111.3 million.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $111,300,000
• Address: 212 3rd Street
• Market: Mineola
• Lender: Lionheart Strategic Management
• Broker: Gideon Gil, Taylor Geiger & Cecelia Galligan - Cushman & Wakefield
• Loan Type: Construction
• Project Cost: $130 million

The deal was arranged by Cushman & Wakefield for developers AJM Real Estate and Burman Real Estate. The site is conveniently located across from the Long Island Rail Road station, enhancing its accessibility for future residents.