ELH Management obtained financing of $15M from CPC Funding SPE 1 LLC

ELH Management through the entity Evergreen Tiebout Housing Development Fund Corp. as borrower signed a loan agreement with lender CPC Funding SPE 1 LLC valued at $15.2 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 125 residential units at 2240 Tiebout Avenue, 1160 Evergreen Avenue in Fordham. The deal closed on July 01, 2019 and was recorded on August 05, 2019.
The property contains a total of 108,445 square feet of built space.
The average loan per unit is $121,840.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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