NCV Capital Partners And Unique People Services Secure $52.1 Million Construction Loan For Bronx Building

The asset involved in this transaction is a special purpose property located at 1415 Ogden Avenue in the Highbridge neighborhood of the Bronx. It encompasses a square footage of 27,295. The transaction is structured as a construction loan amounting to $52,100,000.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $52,100,000
• Address: 1415 Ogden Avenue
• Market: Highbridge, Bronx
• Lender: Sharmi Sobhan - J.P. Morgan Chase & Company
• Landlord: Albert Keith Gordon & Yvette Brissett-Andre - NCV Capital Partners & Unique People Services
• Loan Type: Construction

Sharmi Sobhan, representing J.P. Morgan Chase & Company, facilitated the construction loan for the project. The landlords, Albert Keith Gordon and Yvette Brissett-Andre, are associated with NCV Capital Partners and Unique People Services, highlighting the collaboration between these entities in securing financing for the development of the 85-unit residential building.