L&M Development Partners, Goldman Sachs & Taconic Partners Secure $91.1M Construction Loan In Inwood

Located at 405 West 206th Street in the neighborhood of Inwood, this development site has recently completed a closed transaction. The property is a development site with a buildable square footage (BSF) of 219,073 and can accommodate a total of 194 units.

Summary of transaction details

• Property Type: Development Site
• Address: 405 West 206th Street
• Market: Inwood
• BSF: 219,073
• Units: 194

The loan for this transaction was provided by L+M Development Partners, Goldman Sachs, and Taconic Partners. The total loan amount was $91,097,000 and it was a construction loan. The lender representatives involved in this deal were David Dishy from L+M Development Partners and the team from Goldman Sachs.

The landlord in this transaction was the NYS Housing Finance Agency, represented by Julie M. Behrens.