FreshDirect secures $85M in EB-5 financing for Bronx distribution center

The financing for the online grocer’s planned outpost at 2 St Anne’s Avenue in Port Morris comes from the New York Regional Center, which provides EB-5 financing. The funding is comprised of several.

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FreshDirect secures $85M in EB-5 financing for Bronx distribution center UPDATED, 7:12 p.m., April 6: online grocer freshdirect secured million for its Bronx distribution center, according to documents filed with the city this.

FreshDirect secures $85M in EB-5 financing for Bronx distribution center. The funding is comprised of several smaller mortgages and replaces a .5 million construction bridge loan, issued by Signature Bank in 2015. Typically, EB-5 funds are provided as mezzanine loans and therefore do not always show up in property records.

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(Source: The real deal) freshdirect secured million in EB-5 financing for its new Bronx distribution center, according to documents filed with the city this week. The financing for the online grocer’s planned outpost at 2 St Anne’s Avenue in Port Morris comes from the New York Regional Center, which provides EB-5 financing.

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About New York City Regional Center Established in 2008, the New York City Regional Center (NYCRC) secures funding for real estate and infrastructure projects in New York City. The NYCRC has provided over $1.5 billion of capital to help finance a broad spectrum of economic development projects in Brooklyn, Queens, Manhattan, and the Bronx.

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FOOD FOR THOUGHT – "FreshDirect secures $85M in EB-5 financing for Bronx distribution center," by The Real Deal’s Miriam Hall: "FreshDirect secured $85 million in EB-5 financing for its new.

The NYCRC was Established in 2008, the New York City Regional Center (NYCRC) provides financing for job-creating real estate projects in New York City.The NYCRC has raised over $1.2 billion of capital to help fund a series of critical public/private developments in Brooklyn, Queens, Manhattan and the Bronx.