Wednesday, April 5, 2017

FreshDirect secures $85M in EB-5 financing for Bronx distribution center

(Source: The Real Deal) FreshDirect secured $85 million in EB-5 financing for its new Bronx distribution center, according to documents filed with the city this week. The financing for the online grocer’s planned outpost at 2 St Anne’s Avenue in Port Morris comes from the New York Regional Center, which provides EB-5 financing. The loan includes $27.5 million in new money and replaces $57.5 million from Signature Bank, documents show. Read the report at https://therealdeal.com

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