Lionheart Strategic Mganagement provides $111.3 million construction loan for The Bridge

Mineola, NY Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers, and Schroders Capital, the private assets division of Schroders, have provided a $111.3 million floating-rate construction loan for The Bridge, a nine-story, 101-unit luxury condominium development with 10,000 s/f of commercial and event space.

The $130 million transit-oriented development is being developed by 212-214 Third Street Associates LLC and Mineola 212 LLC, an affiliate headed by Adam Mann of AJM Real Estate and Scott Burman of Burman Real Estate. The sponsorship group also includes Caiola Real Estate Group and Park It Management, forming an experienced development and investment partnership focused on creating value-add opportunities across retail, multifamily residential, healthcare, and mixed-use assets. Since its inception in 2024, Burman Real Estate has secured approximately $500 million of development activity across seven ventures.

Jake Misisco, Randal Gleeson, and Emma Djoganopoulos led the transaction for Lionheart Strategic Management. Paul Bratten led the deal for Schroders Capital. The sponsor was represented by Cushman & Wakefield’s equity, debt & structured finance team including Gideon Gil, Taylor Geiger and Cecelia Galligan.

“We are pleased to make our first investment on Long Island through The Bridge,” said Jake Misisco, director of investments, Lionheart Strategic Management. “Long Island remains one of the most compelling and complex markets to build in. We’re excited to have been able to identify an experienced sponsor in Burman Real Estate, who successfully navigated a robust approval process to advance a project that will deliver high-quality housing in a transit-oriented location.”

“Schroders Capital is excited to support the development of The Bridge, a thoughtfully designed, transit-oriented luxury condominium project that addresses the clear undersupply of high-quality for-sale housing in Nassau County,” said Paul Bratten, head of U.S. real estate investments for Schroders Capital. “This investment reflects our continued conviction in structurally supply-constrained, high-barrier-to-entry markets, supported by experienced local sponsorship, compelling fundamentals, and resilient end-user demand.”

“This closing represents an important milestone for The Bridge, and we are grateful to Lionheart Strategic Management for its partnership and to Cushman & Wakefield for its efforts in securing this financing,” said Scott Burman, founder of Burman Real Estate. “The Bridge will be a defining residential project for Nassau County, bringing much-needed condominium ownership opportunities while serving as a model for thoughtful, transit-oriented residential development on Long Island.”

Designed by William S. Novak Architect, The Bridge will feature 101 luxury residences, ranging from one- to three-bedroom floorplans and a penthouse. Amenities will include on-site parking, a fitness center, a rooftop terrace with cabanas, a pool and lounge area, a conference room, and communal lounges for residents. The project will also include a 10,000 s/f multifunctional event space designed to host live entertainment, art exhibitions, fashion shows, and community events. Located within walking distance of the Mineola LIRR station, The Bridge is expected to contribute to the continued transformation of downtown Mineola as a regional transit-oriented hub.