NEW YORK—Livingston, N.J.-based Mark Scott’s Commercial Mortgage Capital (CMC) has arranged a $9.4 million loan for a recently renovated two-building, 45,000-sq.-ft. office complex in Yonkers, N.Y. The complex, located at the train station, includes tenants such as New York State DMV, St. Joseph’s Hospital and The Energy Project.
The complex is part of i.Park Hudson, a 1.1 million-sq.-ft. mixed-use facility, which includes a café, conference rooms and parking. The City of Yonkers recently completed a $20.0 million project to daylight the Saw Miller River, which is located in front of the property.
“The office lending environment has been visibly loosening up as of late and Commercial Mortgage Capital has been able to underwrite and successfully close several office financing transactions in the past month,” said Scott.