Camba gets $150.3M construction loan to build 323 affordable units in Riverdale

Camba through the entity CHY Bedford Park L.P. as borrower signed a loan agreement with lender New York State and New York City valued at $150.313 million for 2 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 270 East 203rd Street and 261 East 202nd Street in Riverdale. The deal closed on December 17, 2020 and was recorded on January 7, 2021.

This is a construction loan to build 323 units in the Bronx. The total value of the loans from the state and city is $150.313 million.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.

There has been one demolition project filed for the parcels over the past five years. The demolition included 3 residential units.

Direct link to Acris document. link