Scale Supplies $45M Construction Loan for Harlem Condos

Jul 14, 2026

Mass Development secured a $45 million construction loan from SCALE Lending, a subsidiary of Slate Property Group, to build an 11-story condominium complex at 264-272 West 135th Street in Harlem comprising 72 units ranging from studios to three-bedroom units, with completion targeted for summer 2028. The 30-month floating-rate loan includes two six-month extension options, and the project will feature ground-floor retail and community space already leased to a day care operator, plus top-floor amenities including a fitness center, spa, and lounge.

Capital Markets Debt & Financing U.S. National New York

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Information Is Becoming Cheaper. Judgment Is Becoming Priceless.

Robert Knakal argues that artificial intelligence is rapidly commoditizing information, making judgment—the ability to synthesize information and make superior decisions—the new competitive advantage in commercial real estate and other professional fields. He contends that judgment cannot be automated and is built through accumulated experience, relentless curiosity, and continuous learning from both successes and failures, positioning those who develop strong judgment as increasingly indispensable as information becomes universally accessible.

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 14, 2026Read