FBE lines up $63M loan from Signature Bank for Bronx buy

The New York-based bank provided $63 million to FBE for its purchase of 2001-2045 Story Avenue in the Castle Hill neighborhood, property records filed Monday show. The financing includes a $20.1 million gap mortgage. Signature Bank did not immediately return a request for comment. FBE declined to comment. FBE, headed by Abraham Fructhandler, bought the nine-story two buildings, which sit on one tax lot, for about $88 million from Related Fund Management — the largest […]

source https://therealdeal.com/2019/04/15/fbe-lines-up-63m-loan-from-signature-bank-for-bronx-buy/

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