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Deutsche Bank Funds $66.75M Construction Loan For Chelsea Condo Development
FINANCED

Deutsche Bank Funds $66.75M Construction Loan For Chelsea Condo Development

Deutsche Bank Funds $66.75M Construction Loan For Chelsea Condo Development

Development Site
clock iconFinanced 88 days ago
Andrew Cohen
Max Herzog
Marko Kazanjian
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Summary

Loan
NEW YORK
Development Site

The Condo Development in Chelsea, Manhattan consisting of 22 units secured a $66,750,000 construction loan. The loan was provided by Chris Harris of Deutsche Bank, with Max Herzog, Marko Kazanjian, and Andrew Cohen of Institutional Property Advisors (IPA) representing the transaction.

Summary of transaction details:

  • Property Type: Condo Development
  • Transaction Amount: $66,750,000
  • Market: Chelsea, Manhattan
  • Asset Type: Condo Development
  • Units: 22
  • Lender: Chris Harris - Deutsche Bank
  • Brokers: Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors (IPA)
  • Loan Type: Construction

Max Herzog, Marko Kazanjian, and Andrew Cohen from Institutional Property Advisors (IPA) played key roles as brokers in facilitating the successful transaction for the Condo Development in Chelsea. The involvement of these professionals highlights the expertise and network required in securing substantial construction loans in the competitive real estate market of Manhattan.

Players

  • All

    5

  • Agents

    3

  • Agencies

    1

  • Lenders

    1

Andrew Cohen's profile picture
Andrew Cohen
Institutional Property Advisors-image
Associate
$44.8M Sold
Marko Kazanjian's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Max Herzog, Marko Kazanjian & Andrew Cohen DATE: 03/15/2024 MARKET: Chelsea, Manhattan ASSET TYPE: Condo Development ~ UNITS: 22 LENDER: Chris Harris - Deutsche Bank (@DeutscheBank) BROKERS: Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors (IPA) LOAN AMOUNT: $66,750,000 LOAN TYPE: Construction

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