Raymond Francis borrows $13M from Northeast Community Bank for property in Mott Haven

Raymond Francis through the entity S.S. Pisa Corp. as borrower signed a loan agreement with lender Northeast Community Bank valued at $12.7 million for 3 parcels, including the tax class unlicensed parking lot (G7) and containing 210 residential units at 530 Wales Avenue, 532 Wales Avenue, 536 Wales Avenue in Mott Haven. The deal closed on June 1, 2020 and was recorded on June 4, 2020.
The property contains a total of 52,717 square feet of built space.
The average loan per unit is $54,190.
This agreement extends the loan period.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link