Developer Peter Fine has secured a $70 million construction loan for the massive residential project in East Harlem, a sign of life for the commercial lending market. M&T Bank provided Fine’s Bolivar Development with the financing for the 178-unit project at 1998 Second Avenue, between 102nd and 103rd Streets. Thirty percent of the development’s units will be set aside as affordable, and the 12-story structure will have about 13,000 square feet of ground-floor retail and
source https://therealdeal.com/2020/05/20/peter-fine-inks-70m-construction-loan-for-harlem-resi-project/
No comments:
Post a Comment