Shorewood Real Estate Group & Bogopa Enterprises Secure $130 Million Construction Loan For 360 Grand Concourse

The asset involved in this transaction is a multifamily property located at 360 Grand Concourse in the Mott Haven neighborhood of South Bronx, consisting of 304 units. A construction loan of $130,000,000 was secured to facilitate the development of this property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $130,000,000
• Address: The 360 - 360 Grand Concourse
• Market: Mott Haven, South Bronx
• Lender: PCCP LLC
• Landlord: Shorewood Real Estate Group & Bogopa Enterprises
• Brokers: Lauren Kaufman & Nicco Lupo - JLL
• Loan Type: Construction

The key individuals in this transaction are Lauren Kaufman and Nicco Lupo, who represent the brokerage JLL. They played a crucial role in securing the financing for the project, which involves significant contributions from the landlord entities, Shorewood Real Estate Group and Bogopa Enterprises.