Cadence Property Group's Howard Glatzer Secures $41.5M Construction Loan For Development Site On West 52nd Street, New York

A construction loan has been secured for a development site located at 360 West 52nd Street in New York. The loan amount is $41,500,000, and it is financed by Benefit Street Partners.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $41,500,000
• Address: 360 West 52nd Street
• Market: New York

The development site's landlord is Howard Glatzer from Cadence Property Group. The brokers involved in the deal are Evan Pariser and Aaron Niedermayer from JLL. They played a key role in facilitating the loan transaction between Benefit Street Partners and the property's owner.