Josh Rabina Secures $640 Million Construction Loan From Carlyle Group For Manhattan Condo Tower

The asset involved in this transaction is a condo located at 520 5th Avenue in the Manhattan market. The loan amount secured for this construction project is $640 million, intended for a tower that is 88 stories and 1,000 feet tall.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $640,000,000
• Lender: Harvey M. Schwartz - Carlyle Group
• Landlord: Josh Rabina - Rabina
• Loan Type: Construction

Harvey M. Schwartz represented Carlyle Group in providing the loan, while Josh Rabina represented his company in securing the financing for the condo inventory loan. This transaction aims to support the ongoing development of the high-rise tower.