Sumaida & Khurana Refinances Construction Loan For 611 West 56th Street Residential Condominiums With Lenders Madison Realty Capital & Apollo Global Management

The residential condominiums located at 611 West 56th Street have recently undergone a refinancing of their construction loan. The deal was led by developers Sumaida + Khurana, who sought to secure a new loan for the property. Madison Realty Capital and Apollo Global Management were the lenders in this transaction, providing a total amount of $155,000,000. The 35-story tower, situated at the intersection of 56th Street and Eleventh Avenue, is a prominent structure in the area, contributing to the city's skyline.

Summary of transaction details

• Property Type: Residential Condominiums
• Transaction Amount: $155,000,000
• Developer/Landlord: Sumaida + Khurana
• Lender: Madison Realty Capital & Apollo Global Management
• Broker: Adi Chugh – Maverick Commercial Properties

Adi Chugh from Maverick Commercial Properties played a significant role as the broker in this deal. He represented the interests of the parties involved, ensuring a successful refinancing of the construction loan for the residential condominiums at 611 West 56th Street. The collaboration between Sumaida + Khurana, Madison Realty Capital, Apollo Global Management, and Maverick Commercial Properties exemplified the expertise and experience of the individuals and companies behind the transaction.