OakNorth provides $7.1m loan for Crown Acquisitions, KSR Capital Bronx retail property deal

• OakNorth provided a $7.1 million loan to Crown Acquisitions and KSR Capital for a Bronx retail property transaction.
• Financing supports acquisition and redevelopment of a 10,000-square-foot site at 5546 Broadway, including lease-up reconfiguration and tenant improvements.
• Asset sits at the entrance to Broadway Plaza Mall, with about 200 feet of Broadway frontage near the 231st Street subway station.

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