Simone Development Secures $36M Loan In Yonkers With ULLICO As Lender

The property involved in this transaction is a mixed-use asset located at 1084 N Broadway, Yonkers, NY, 10701. The loan amount is $36,000,000.00, and the property is situated in the Yonkers market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $36,000,000.00
• Lender: United Labor Life Insurance Company -ULLICO
• Borrower: Simone Development Companies
• Lender's Rep: Senior Managing Director-Greystone
• Borrower's Rep: Richard Horowitz-Cooper Horowitz

The deal features representatives from both the lending and borrowing sides, with the Senior Managing Director from Greystone representing the lender, United Labor Life Insurance Company -ULLICO, and Richard Horowitz from Cooper Horowitz representing the borrower, Simone Development Companies.