Steven Chera borrows $24.6M from Ladder Capital for retail in Fordham

Steven Chera through the entity Fordham Chera Aquisition LLC as borrower signed a loan agreement with lender Ladder Capital Finance LLC valued at $24.6 million for 1 parcel, including the tax class two-story or store and office (K2) at 203 East Fordham Road in Fordham. The deal closed on March 17, 2021 and was recorded on March 31, 2021.
The property contains a total of 22,842 square feet of built space.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $970,280.

Direct link to Acris document. link