Merchants Capital Secures $231M For Eastchester Gardens PACT Renovation In The Bronx

Date: June 17, 2025

Publication: New York YIMBY

Merchants Capital has secured $231 million in financing for the renovation of Eastchester Gardens, a New York City Housing Authority (NYCHA) Permanent Affordability Commitment Together (PACT) project located in The Bronx. The $391 million redevelopment spans 10 residential buildings and includes 877 housing units. Eastchester Gardens, one of the oldest public housing developments in New York City, will undergo a rehabilitation led by MDG Design + Construction, Infinite Horizons, and Wavecrest Management.

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