Select Transactions—New York, NY
Sendero Verde
- Development will include two mixed-income apartment buildings, community space with parks, cultural and educational facilities.
- Phase I closed in June 2019 and included owner’s and lender’s construction title insurance coverages of $209,000,000 and $175,000,000, respectively.
- UPCOMING: Phase II in similar amounts is anticipated to close in 2020-2021.
Project Profile
Multiphase development of an entire vacant city block in Harlem with land acquired from the City of New York and bond financing from its Housing Development Corporation.