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North River Originates Construction Loan on Valley Stream Multifamily - Connect CRE

Summary by Connect CRE
North River Partners and funds managed by AB CarVal closed on a $20-million construction loan secured by The Wellington, a ground-up 63-unit multifamily development in Valley Stream, NY. Spearheaded by Invictus Construction Management, the development marks a significant addition to the area’s residential market. North River Partners, a New York City-based real estate lender specializing in bridge and construction financing, originated the loan.…
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North River Originates Construction Loan on Valley Stream Multifamily - Connect CRE

North River Partners and funds managed by AB CarVal closed on a $20-million construction loan secured by The Wellington, a ground-up 63-unit multifamily development in Valley Stream, NY. Spearheaded by Invictus Construction Management, the development marks a significant addition to the area’s residential market. North River Partners, a New York City-based real estate lender specializing in bridge and construction financing, originated the loan.…

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Connect CRE broke the news in on Wednesday, March 19, 2025.
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