Wildflower signs $25.4M refi loan with Santander for two warehouses in Morrisania

Wildflower LTD through the entity PR III/MD 165 Storage, LLC as borrower signed a refi loan with lender Santander Bank valued at $25.4 million for two warehouse buildings including the industrial (E7) at 3350 Park Avenue in Morrisania, Bronx and industrial (G7) at N/A East 166th Street in Morrisania, Bronx.
The deal closed on April 15, 2021 and was recorded on June 4, 2021.
The two properties have 138,600 square feet of built space and 0 square feet of additional air rights for a total buildable of 90,907 square feet according to PincusCo analysis of city data. The loan price per built square foot is $183 per the PincusCo analysis.
The signatory for Wildflower LTD was Matthew A. Dicker.
(220152466)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 28, 2019.
Matthew A. Dicker is CFO of Wildflower LTD.

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