Northwind Group Provides $162.4M Refinance Loan For Mandarin Oriental Residences Fifth Avenue

685 5th Avenue, New York City, New York 10011, United States

$162,400,000

$2,434/SF

Building Size

66,708 SF

Asset Type

—

Closing

Apr 20, 2022

AI

The Mandarin Oriental Residences Fifth Avenue, located at 685 Fifth Avenue in Midtown, Manhattan, has undergone a significant financial transaction. The residential condominium property spans an impressive 66,708 square feet and consists of 69 units.

Summary of transaction details

Property Type: Residential Condominium
Transaction Amount: $162,400,000
Address: 685 Fifth Avenue – Mandarin Oriental Residences Fifth Avenue
Market: Midtown, Manhattan
Lender: Northwind Group - Ran Eliasaf
Landlord: SHVO / Deutsche Finance
Brokers: Walker & Dunlop – Aaron Appel
Loan Type: Refinance
Loan Terms: Construction Loan

Leading the financial side of this transaction is Northwind Group, a real estate private equity firm. They managed to secure a loan of $162,400,000 to refinance the Mandarin Oriental Residences Fifth Avenue. The loan type is a construction loan, indicating that the funds will be used to develop or improve the property.

If you are interested in exploring potential opportunities with Northwind Group, you can reach out to them at [email protected].

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