Gary M. Tischler Of Vanbarton Group Secures $250M Loan From Eldridge Real Estate Credit For Manhattan Development Site

The property asset involved in the transaction is a development site located at 1011 1st Avenue, Manhattan. Vanbarton Group is set to convert the former Archdiocese of New York headquarters into a 26-story, 420-unit luxury residential tower that will include retail and amenities. The loan amount secured for this project is $250,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $250,000,000
• Lender: Matthew Rosenfeld - Eldridge Real Estate Credit
• Landlord: Gary M. Tischler - Vanbarton Group

The key individuals in this transaction include Matthew Rosenfeld, representing Eldridge Real Estate Credit in the capacity of lender, and Gary M. Tischler, who is acting as landlord in this deal on behalf of Vanbarton Group.