Success Academy Charter Schools Secures $150M Construction Loan From Build NYC Resource Corporation

The asset involved in the transaction is a 219,166-square-foot industrial property located at 580 River Avenue in the Concourse market of the Bronx. The property is being developed as a school for the Success Academy Charter Schools, with a construction loan amount of $150,000,000 secured for this project.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $150,000,000
• Address: 580 River Avenue
• Market: Concourse, Bronx
• Lender: Noah Schumer -Build NYC Resource Corporation
• Landlord: Eva Moskowitz & Nathaniel Katz - Success Academy Charter Schools
• Loan Type: Construction

This transaction highlights the involvement of key individuals from Success Academy Charter Schools, represented by Eva Moskowitz and Nathaniel Katz. The loan was facilitated by Noah Schumer from Build NYC Resource Corporation, emphasizing the collaborative effort behind this significant educational project.