Inbursa Provides $150M Construction Loan For Mixed-Use Property In NYC

The mixed-use property located at 4650 Broadway in New York City has been involved in a recently closed transaction.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $150,000,000
• Address: 4650 Broadway
• Market: New York City
• Square Footage: 361,128 SF

Carlos Slim's Inbursa provided a $150,000,000 construction loan for this deal. Arden Group, led by Craig Spencer, acted as the landlord in the transaction. The Newmark team, consisting of Jordan Roeschlaub, Dustin Stolly, and Chris Kramer, represented the parties involved in the deal.