JLL Capital Markets Arranges $79M Bridge Loan For Mixed-Use Properties In Upper East Side

The property asset involved in this transaction is a mixed-use development located at 309 East 94th Street and 324 East 95th Street in the Upper East Side market. The transaction includes a bridge loan amounting to $79,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $79,000,000
• Loan Type: Bridge
• Lender: Ares Management - Bryan Donohoe
• Landlord: Taconic Partners - Chris Balestra & Nuveen Real Estate
• Brokers: Evan Pariser, Aaron Niedermayer & Geoff Goldstein - JLL Capital Markets

This transaction was facilitated by key individuals from various firms. Bryan Donohoe represented Ares Management, while Chris Balestra was one of the representatives for Taconic Partners along with Nuveen Real Estate. The brokerage team from JLL Capital Markets included Evan Pariser, Aaron Niedermayer, and Geoff Goldstein, who played significant roles in the deal's execution.