Compass JV Six LLC obtained financing of $7M from Enterprise Community Loan Fund

Compass JV Six LLC as borrower signed a loan agreement with lender Enterprise Community Loan Fund, Inc. valued at $6.5 million for 1 parcel, including the tax class semi-fireproof manufacturing building (F4) at 1927 West Farms Road in Tremont. The deal closed on July 12, 2019 and was recorded on July 26, 2019.
The property contains a total of 165,138 square feet of built space. The property has 149,138 square feet of available development rights.
The average loan per buildable square foot is $39.
The last time the property sold was October 05, 2016, for $6,070,362.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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