Kiumarz Geula gets $14.8M construction loan from Bank Of Hope for project in Morrisania

Kiumarz Geula through the entity 808 Cauldwell Avenue Jv LLC as borrower signed a loan agreement with lender Bank Of Hope valued at $14.8 million for 2 parcels, including the tax class miscellaneous (K9) at 808 Cauldwell Avenue and 813 Trinity Avenue in Morrisania. The deal closed on January 28, 2021 and was recorded on February 8, 2021.

This is a new construction loan.
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 have been 2 new building permit applications

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

Direct link to Acris document. link