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

Written By Cara Patten

BRONX, NY

This is a 33-year self-liquidating facility closed at a rate just under 6%. The senior loan is 100% Loan-To-Cost and non-recourse to the sponsor, and was closed at par (no lender fee). Construction is expected to commence immediately after closing.

Cara Patten
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