Fort Amsterdam Capital Provides $11.05M Bridge Loan For Development Site On Lexington Avenue

The property involved in this transaction is a development site located at 150 Lexington Avenue in the NoMad market. The site has a total square footage of 59,448 and is owned by Evenhar Development. The transaction took place on 03/11/2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,050,000
• Address: 150 Lexington Avenue
• Market: NoMad
• Lender: Fort Amsterdam Capital - David Schwartz & Evan O'Connor
• Landlord: Evenhar Development
• Broker: Ross Cumming - Ackman Ziff
• Loan Type: Bridge Loan

The lender for this transaction is Fort Amsterdam Capital, represented by David Schwartz and Evan O'Connor. The loan amount provided was $11,050,000, and it is a bridge loan. The collateral for the loan consists of the fee simple interests in 154 Lexington Avenue and 130 East 30th Street, as well as the leasehold interests in 150 Lexington Avenue and 154 Lexington Avenue.