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

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.