Otera Capital Provides $89.4M Refinance Loan For Nomad Development Site And Multifamily Property - Richard A.C. Coles & Gary M. Tischler - Vanbarton Group

270 5th Avenue, Manhattan, New York, NY, USA

$89,377,270

$2,097/SF

Building Size

42,610 SF

Asset Type

Mixed-use

Closing

Aug 25, 2021

AI

A development site and mixed-use multifamily property located at 270 5th Avenue and 20 & 22 West 30th Street in the Nomad market has recently undergone a loan refinance. The property spans a total of 42,610 square feet and is owned by Richard A.C. Coles & Gary M. Tischler of Vanbarton Group.

Summary of transaction details

Property Type: Development Site, Mixed-use & Multifamily
Loan Amount: $89,377,270
Lender: Otera Capital
Landlord: Richard A.C. Coles & Gary M. Tischler - Vanbarton Group

Otera Capital provided the loan for this refinance transaction. Richard A.C. Coles & Gary M. Tischler, representing the Vanbarton Group as landlords, initiated the loan refinance for their development site and mixed-use multifamily property in the vibrant Nomad market.

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