Adam Mermelstein and Azi Mandel’s Treetop Development has scored a $75.9 million loan for one of its Bronx affordable housing complexes. Wells Fargo provided the Freddie Mac mortgage for the Teaneck, New Jersey-based firm’s property at 1600 Sedgwick Avenue, known as the Riverview Apartments, according to documents filed Thursday with the city. Wells Fargo declined to comment and Treetop did not respond to requests for comment. Treetop is the property’s beneficial owner, and the non-profit […]
source https://therealdeal.com/2019/03/28/treetop-gets-76m-loan-for-bronx-multifamily-complex/
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