Naftali Group Secures $120.4M Loan From Bank Hapoalim For Resi Condo Development On Madison Avenue

The Naftali Group has completed the purchase of the property located at 1039-1045 Madison Avenue on the Upper East Side. The property is a residential condominium development project.

Summary of transaction details:

• Property Type: Residential Condo Development
• Transaction Amount: $120,400,000
• Lender: Bank Hapoalim
• Landlord: Naftali Group

The acquisition was financed by a loan of $120,400,000 from Bank Hapoalim. Miki Naftali, the CEO of the Naftali Group, represented the buyer in this transaction.