The Beitel Group is once again leaning on Slate Property Group’s lending arm to finance a project in the Bronx. Scale Lending provided a $305 million loan to Beitel for its project at 355 Exterior Street in the borough’s Mott Haven section, The Real Deal can first report. The loan will finance ground-up construction for the two-building, 515,000-square-foot development. Beitel entered into contract to purchase the property in October from an entity tied to Lightstone Group, which acquired the property the year before the pandemic for $28.3 million. The developer has already demolished the existing buildings on the site and […]

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