Loan for Schron: Cammeby’s locks down $54M for 614 Sheepshead Bay Road

Bank Leumi extended a $54 million loan package to Rubin Schron’s Cammeby’s International, public records show. The deal is backed by an under-construction commercial development at 614 Sheepshead Bay Road in Coney Island. The financing includes $44 million in construction loans and the rest replaces $10 million in previous debt from Israel Discount Bank. Cammeby’s first submitted construction plans for 614 Sheepshead Bay Road in June of 2015 after purchasing the lot earlier that year […] Read More >>