Merchants Capital Secures $231M in Total Financing for 877-Unit NYCHA PACT Renovation of Eastchester Gardens in The Bronx

Publication: YieldPRO

“Through NYCHA’s PACT program, the revitalization of Eastchester Gardens stands as a powerful example of what’s possible when public and private partners work closely with residents to preserve affordability and invest in meaningful change. At the heart of this transformation is the Eastchester Gardens Tenant Association, whose leadership and engagement helped to shape each phase of the project, from design decisions to specialized social services and amenities,” said Susan Camerata, Chief Financial Officer of Wavecrest Management and Principal of RDC Development.

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