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].