Larew Doyle & Associates arranges a $75 million Construction-to-Perm Loan for a New Women’s Shelter

Written By Cara Patten
 
 

Manhattan, NY

Larew Doyle & Associates is pleased to announce the placement of a $75 million Construction-To-Perm loan for a brand new women’s shelter in Manhattan. The loan was placed with one of LD&A’s life insurance companies with interest fixed for 38 years.

The organization, Project Renewal (PRI), has 35 years of successful experience in providing health care and social services to New Yorkers experiencing homelessness. The plan calls for the current building to be demolished and the new building will have between 8 and 10 stories depending on final plans. The new building will house 200 beds for a women’s shelter with a commercial kitchen and dining services for residents. There will be laundry facilities, staff spaces, activity space and social services offices for residents.

Cara Patten
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