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1 Park Row
FINANCED

3650 REIT Provides $50M Construction Loan For 1 Park Row Luxury Condo

1 Park Row

Mixed-use
clock iconFinanced 32 days ago
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Summary

Loan
NEW YORK
Mixed-use

1 Park Row is a 24-story luxury condominium located in the Financial District, Manhattan. The property is undergoing construction and upgrades, with a $50 million loan provided by 3650 REIT to Circle F Capital, led by landlord David Feldman.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $50,000,000
  • Image: Jonathan Roth
  • Date: 06/12/2024
  • Address: 1 Park Row
  • Market: Financial District, Manhattan
  • Lender: 3650 REIT - Jonathan Roth
  • Landlord: David Feldman - Circle F Capital
  • Loan Type: Construction

3650 REIT, expanding into New York City, provided $50 million in financing to Circle F Capital for the construction and upgrades of 1 Park Row. The transaction highlights the collaboration between Jonathan Roth from 3650 REIT and David Feldman representing Circle F Capital in the loan agreement.

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3650 REIT
3650 REIT

Details

Deal Summary
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FINANCED
IMAGE: Jonathan Roth DATE: 06/12/2024 ADDRESS: 1 Park Row MARKET: Financial District, Manhattan ASSET TYPE: Mixed-use LENDER: 3650 REIT - Jonathan Roth LANDLORD: David Feldman - Circle F Capital LOAN AMOUNT: $50,000,000 LOAN TYPE: Construction NOTE: 3650 REIT is expanding into New York City, providing Circle F Capital with $50 million in financing to complete construction and upgrades to 1 Park Row, a 24-story luxury condominium near City Hall.

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