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Scale Supplies $45M Construction Loan for Harlem Condos

Mass Development has landed $45 million of construction financing to build a condominium building in Harlem, Commercial Observer has learned. Scale Lending, a subsidiary of Slate Property Group, provi

Summary

Mass Development has landed $45 million of construction financing to build a condominium building in Harlem, Commercial Observer has learned.

Scale Lending, a subsidiary of Slate Property Group, provided the 30-month, floating-rate loan with two six-month extension options for the developer’s 11-story condo complex at 264-272 West 135th Street.

Mass Development acquired the site — […]

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