Santander Bank Provides $26.7M Construction Loan For Industrial Property In Harlem

The industrial property located at 280 West 155th Street in Harlem has recently undergone a closed transaction. The property spans a total area of 79,762 square feet, making it a sizable asset in the market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,730,000
• Address: 280 West 155th Street
• Market: Harlem
• Lender: Santander Bank
• Landlord: Peter Clare & Kewsong Lee - Carlyle Group

In this deal, Santander Bank acted as the lender, providing a construction loan of $26,730,000 to facilitate the transaction. The property's landlords, Peter Clare and Kewsong Lee from Carlyle Group, were the key individuals involved in the transaction representing the ownership side. The loan will likely contribute to further development or improvements to the industrial property located in Harlem.