Watermark Capital Group, led by Meir D. Tabak, secured a $25 million construction loan from Oak Funding for a 99-unit mixed-use project at 1723 Boston Road in East Morrisania, Bronx. The site, owned by 1725 Boston Rd LLC, has a permitted project filed by Borough Developers and Shimon Kleinman. The lender, Oak Funding, borrowed $21 million from OakNorth Bank in a loan-on-loan structure.
Watermark Capital Group
