BridgeCity Capital Provides $54M Construction Loan For 310 Grand Concourse Development Site In Mott Haven
310 Grand Concourse
135,000 SF
Summary
310 Grand Concourse, located in the Mott Haven neighborhood of the Bronx, has recently secured a construction loan. The development site spans a total buildable square footage (BSF) of 135,000. Approved plans for the site include a fourteen-story building featuring 150 residential rental units, 3 commercial spaces, and 69 parking spaces.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $54,000,000
- Lender: BridgeCity Capital - Moishe Loketch, Louis Lebovits & Allan Lebovits
- Loan Type: Construction Loan
BridgeCity Capital, represented by Moishe Loketch, Louis Lebovits, and Allan Lebovits, is the lender behind this significant loan. The loan amount secured for the development project is $54,000,000. This financing will support the construction of the fourteen-story building, which is set to include 150 residential rental units, 3 commercial spaces, and 69 parking spaces. The project is located at 310 Grand Concourse in the thriving Mott Haven market.
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