Flag Luxury Group Secures $250M Construction Financing For NoMad Hotel/Dev Site | 1185 Broadway and 29 West 28th Street | Atalaya Capital | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

164,400 sqft

The property involved in the transaction is located at 1185 Broadway and 29 West 28th Street in the NoMad neighborhood of New York City. The property is a hotel and development site with a total square footage of 164,400. The deal type for this transaction is construction financing, and the loan amount is $250,000,000.

Summary of transaction details:

Property Type: Hotel / Dev Site
Transaction Amount: $250,000,000
Square Footage: 164,400
Market: NoMad
City: New York City

Atalaya Capital’s Capital Source serves as the lender for this transaction. The landlord and developer involved in the deal is Paul Kanavos' Flag Luxury Group.

Players

All
1

Lenders
1

Atalaya Capital

Details

Deal Summary

FINANCED

IMAGE: Paul Kanavos ( @iampaulkanavos ) DATE: 07/20/2018 ADDRESS: 1185 Broadway and 29 West 28th Street MARKET: NoMad CITY: NewYork Nyc DEAL TYPE: Construction Financing ASSET TYPE: Hotel / Dev Site LOAN AMOUNT: $250,000,000 SF: 164,400 LENDER: Atalaya Capital’s Capital Source LANDLORD/DEVELOPER: Paul Kanavos’ Flag Luxury Group

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Address1185 Broadway and 29 West 28th Street

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