Foxy Management signs $71.3M construction loan for rental project in Morrisania

Foxy Management through the entity Boston Clinton Housing Development Fund Corp. as borrower signed a new construction loan with lenders New York City, New York State Housing Finance Agency and HANAC Inc. valued at $71.3 million for 1332 Clinton Avenue in Morrisania, Bronx.
The deal closed on June 30, 2021 and was recorded on July 15, 2021.

The owner bought the property on 28-Aug-19, for $3.5 million.
The signatory for Foxy Management was Jeffrey Fox. The signatory for New York State Housing Finance Agency and HANAC Inc was Stacy Bliagos.
(210181373) Plans for a 150-unit, 83,678 square-foot R-2 were filed on May 7, 2020.
Jeffrey Fox is principal of Foxy Management.

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