Joseph Moinian's Moinian Group Secures $169M Construction Loan From Gregg Lemkau Of MSD Partners

A construction loan of $169,000,000 has been secured by Moinian Group for a 250-unit residential project located at 3 Platt Street in Manhattan’s Financial District. The asset is classified as a development site, with both a building square footage and a total square footage of 213,017. This transaction replaces a previous $58,000,000 land loan from 2022.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $169,000,000
• Address: 3 Platt Street
• Market: Financial District, Manhattan
• Asset Size: 213,017 BSF/SF
• Lender: Gregg Lemkau - MSD Partners
• Landlord: Joseph Moinian - Moinian Group
• Loan Type: Construction

Gregg Lemkau represents MSD Partners as the lender in this transaction, while Joseph Moinian represents Moinian Group in securing the construction loan for their project at 3 Platt Street.