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Taconic, Clarion Close on Wells Fargo Loan for Eastchester Heights Complex
Taconic Partners and Clarion Partners closed on a $130-million loan from Wells Fargo for Eastchester Heights, a rental apartment complex at 3480 Seymour Ave. in the Bronx. The financing provides funding for ongoing renovations at the property, which ownership acquired in 2007 and which contains 1,416 rent stabilized units located on five city blocks. The closing of the loan comes on the heels of a 200,000 square foot rooftop solar installation in July
“We’re proud to continue investing in this community,” said David Milch, VP at Taconic. “The closing of this loan is an important step towards preserving affordability. We are committed to providing an accessible, top-quality residential destination in the Bronx.”
Built in 1935 and situated on 14.84 acres, Eastchester Heights is among the largest residential communities in the Bronx, with 114 individual buildings that form a campus of six large clusters.
- ◦Financing

