Miki Naftali And David Hochfelder Of Naftali Group Secure $675M Loan For Development Site In Lenox Hill

The property asset involved in this transaction is a development site located at 800 5th Avenue in the Lenox Hill neighborhood of Manhattan. It encompasses a total square footage of 350,000 and is subject to a loan amount of $675,000,000, classified as an acquisition loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $675,000,000
• Address: 800 5th Avenue
• Market: Lenox Hill, Manhattan
• Asset Square Footage: 350,000
• Lender: Aaron Casden - JP Morgan & Sam Friedland - GoldenTree
• Landlord: Miki Naftali & David Hochfelder - Naftali Group
• Landlord's Representative: Jordan Roeschlaub & Nick Scribani - Newmark

The deal was facilitated by key individuals from prominent firms. Aaron Casden from JP Morgan and Sam Friedland from GoldenTree were the lenders involved in this transaction. Miki Naftali and David Hochfelder, representing the Naftali Group, served as the landlords in this deal, while Jordan Roeschlaub and Nick Scribani from Newmark acted as the landlord's representatives.