HKS Capital Partners gets $14.65M construction loan from Centennial Bank for 91-unit project in Tremont

HKS Capital Partners through the entity Anthony Bush Development LLC as borrower signed a loan agreement with lender Centennial Bank valued at $12.3 million for 1 parcel, including the tax class single-family, miscellaneous (old buildings, attached & semi-detached frame houses, etc.) (A9) at 1995 Anthony Avenue in Tremont. The deal closed on December 29, 2020 and was recorded on January 7, 2021.

This is a construction loan for 14,650,000. The signatory was Ayush Kapahi, founding partner of HKS. The last time the property sold was July 12, 2018 for $490,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.

There has been one new building permit application Those plans include a total of 91 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link