Wells Fargo has provided $288 million in financing for North Cove, a 611-unit, 100 percent affordable housing project in Manhattan’s Inwood neighborhood.
The total financing is reportedly $414 million.
The borrower and developer is a partnership between Joy Construction Corp. and Maddd Equities.
The development will include 60,000 square feet of commercial space and offer amenities such as outdoor picnic areas, community recreation rooms and various supportive services.
