G4 Capital Partners Provides $120M Construction Loan For Development Site On 5th Avenue

The development site located at 14-16 5th Avenue in New York City has recently secured a construction loan from G4 Capital Partners. The loan amount provided is $120,000,000 and it is a construction loan specifically intended for the development of an ultra-luxury 14 unit condominium project. The property is owned by Madison Realty Capital, who acted as the landlord in this transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $120,000,000
• Lender: G4 Capital Partners
• Loan Type: Construction
• Borrowers: Robyn Sorid, Jason Behfarin, Chris Goetz, and Robert Palumbo
• Landlord: Madison Realty Capital
• Brokers: Adi Chugh, Chris McDaniel, Richard Levin, and Christian Hung

G4 Capital Partners, represented by Robyn Sorid, Jason Behfarin, Chris Goetz, and Robert Palumbo, provided the construction facility loan to support the development of the condominium project at 14-16 5th Avenue. Surya Capital Partners, represented by Adi Chugh, Chris McDaniel, Richard Levin, and Christian Hung, acted as the brokers in this transaction, facilitating the deal between the borrower and lender.