Legion Investment Group And Gindi Capital Secure $124.8M Construction Loan For 252 3rd Avenue

The asset involved in this transaction is a development site located at 252 3rd Avenue in Gramercy, Manhattan. The total loan amount secured for this property is $124,800,000, specifically designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $124,800,000
• Lender: Byron Trott & Gregg Lemkau - BDT & MSD Partners
• Landlord: Victor Sigoura - Legion Investment Group
• Landlord: Raymond Gindi - Gindi Capital

The deal features key participants including Byron Trott and Gregg Lemkau, who represent BDT & MSD Partners as the lenders. Additionally, Victor Sigoura and Raymond Gindi represent Legion Investment Group and Gindi Capital, respectively, highlighting the collaboration between these entities in securing the construction loan.