Larew Doyle & Associates arranges a $70,850,000 Construction-To-Perm loan for Women in Need (WIN)

Written By Cara Patten
 
 

Bronx, NY

Larew Doyle & Associates is pleased to announce the placement of a 32-year $70,850,000 Construction-To-Perm loan for Women in Need (WIN) in Bronx, NY. The loan was placed with one of LD&A’s life insurance lending partners. 

WIN is the largest non-profit provider of shelter and supportive housing for homeless families in New York City. This financing is for the development of an 11- story/89,000 gross square foot building with 95 units of varying layouts to accommodate families of various sizes. It will be operating under a Contract with the City of New York (“NYC”) through the Department of Homeless Services and a corresponding bondable triple-net lease. This loan is non-recourse and fully amortizes over the term.

Cara Patten
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Alex Hurwitz from LD&A recently closed a $141.3 million construction-permanent loan in September of 2023 on a family DHS shelter in Bronx, NY
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Larew Doyle & Associates arranges a $30 million permanent loan on a newly completed 152-unit apartment complex