Jody Kriss & Mark Luehring-Jones Provide $68 Million Loan For Development Site In Tribeca

The property asset involved in the transaction is a development site located at 75 West Broadway in Tribeca, Manhattan. It encompasses a building square footage of 68,185 square feet, with a buildable square footage (BSF) of 46,710. The loan amount for this construction is $68,000,000, with terms set for a duration of 3 years.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $68,000,000
• Address: 75 West Broadway
• Market: Tribeca, Manhattan
• Asset Size: BSF 46,710, SF 68,185
• Lender: Jody Kriss & Mark Luehring-Jones - Kriss Capital/KRE Capital Management
• Landlord: Eddie Bender & Damien Smith - Prosper Property Group & Yongsung Kwon - HM Group USA
• Loan Type: Construction
• Loan Terms: 3 Years

The transaction involves key individuals and companies, including lenders Jody Kriss and Mark Luehring-Jones, who are affiliated with Kriss Capital/KRE Capital Management. On the landlord's side, Eddie Bender and Damien Smith represent Prosper Property Group, alongside Yongsung Kwon from HM Group USA, contributing to the collaborative nature of this deal.