Simon Kaufman signs $75.3 construction loan with SCALE for 151-unit development in Mott Haven

Simon Kaufman through the entity 336 Grand Concourse LLC as borrower signed a new construction loan with lender SCALE Lending through the entity Scale 322 Gc Lender LLC valued at $75.3 million for the development site (V1) at 334 Grand Concourse in Mott Haven, Bronx.
The deal closed on June 9, 2021 and was recorded on June 17, 2021.

The owner bought the property on 30-Oct-18, for $7.9 million.
The signatory for Simon Kaufman was Simon Kaufman. The signatory for SCALE Lending was Hillel Lazarus.
Over the past five years, there have been 2 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 151 residential units.

There has been one demolition project filed for the parcels over the past five years.
Scale 322 Gc Lender LLC has the same address as Slate Property Group.
Within a 400-foot radius of 334 Grand Concourse, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a permit issued on November 27, 2019 for the $3.5 million renovation of 20,267-square-foot R-1 building with 62 units at 346 Grand Concourse.

Direct link to Acris document. link