SCALE Lending is a direct lender specializing in providing senior secured transitional loans in the New York Metropolitan area. With a focus on redevelopment and construction, SCALE Lending leverages the experience in Slate Property Group’s $5 billion portfolio. SCALE provides first mortgage financing for land acquisition, construction, new development, redevelopment and more.
High-Level Lending Parameters
Loan Amounts: $50 million
Loan-to-Value: Max of 75%
Lending Terms: 12-36 months, plus extension options
Interest Rate: 30-day LIBOR +600bps and up
Markets: New York Metropolitan area
Asset Classes: Multifamily, condominium, retail, hotel, office, land located within the NYC metropolitan area, and more
Recently-Closed Deals
- Multifamily: $71 million investment for a ground-up construction property of 400,000 square feet and 294 units in Little Ferry, NJ
- Multifamily: A multifamily property of 163,000 square feet and 144 units in Westchester, NY, with an investment of $48 million
- Multifamily: A recent multifamily property of 135,000 SF and 165 units in Astoria, Queens with an investment size of $65.9 million
