Watermark Capital Group Secures $25 Million Loan From Oak Funding For Mixed-Use Project In Bronx

The asset involved in this transaction is a mixed-use property situated at 1723 Boston Road in the East Morrisania neighborhood of the Bronx. This project encompasses 99 residential units and is classified as a construction type property, with a significant loan amount secured for its development.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $25,000,000
• Lender: Oak Funding
• Landlord: Wolfe Landau - Watermark Capital Group
• Loan Type: Construction
• Date of Loan: 07/17/2025

The key individuals involved in this transaction include Wolfe Landau, representing Watermark Capital Group, who secured the construction loan, and Oak Funding as the lender facilitating this financial arrangement for the mixed-use project.