Developer Jacob Schwimmer Secures $90.5M Construction Loan For Industrial Property In Mott Haven, Bronx

The industrial property located at 40 Bruckner Boulevard in the Mott Haven neighborhood of the Bronx has recently undergone a closed transaction. The property spans a total area of 54,756 square feet and is situated in a bustling market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,500,000
• Loan Type: Construction
• Lender: Valley National Bank
• Landlord: Jacob Schwimmer

The key individuals involved in the deal include Jacob Schwimmer as the landlord and Valley National Bank as the lender. Valley National Bank provided a loan amount of $90,500,000 for the construction of the property. It is worth noting that no additional information about the transaction was provided.