Beitel lands another loan from Scale for Mott Haven rentals 

The Beitel Group is leaning on Slate Property Group’s lending arm to finance another project in the Bronx. Scale Lending provided a $305 million loan to Beitel for its project at 355 Exterior Street in the borough’s Mott Haven neighborhood, The Real Deal can first report. The loan will finance ground-up construction for the two-building, 515,000-square-foot development. Beitel entered into contract to purchase the property in October from an entity tied to Lightstone Group, which acquired the property the year before the pandemic for $28.3 million. The developer has already demolished the existing buildings on the site and launched construction […]This article originally appeared on The Real Deal. Click here to read the full story.