Construction - Permanent

Axiom Capital Corporation announces the closing of a $9,700,000 loan for the construction and permanent financing of a proposed 113-unit apartment complex in Rotterdam, NY. The property was originally built in 1913, and was the former home of a public high school, then a charter school until it was permanently closed in 2008. The property is well situated on approximately 3.5 acres in the heart of Rotterdam, NY, just outside of the city of Schenectady, close to convenience shopping, restaurants and nightlife, major highways, and the Amtrak train station.