Bank Hapoalim Provides $100M Construction Loan For Mixed-Use Property On Platt Street In New York City

A $100,000,000 construction loan has been provided by Bank Hapoalim (Bhi) to The Moinian Group for the property located at 7 Platt Street in New York City. The property is a mixed-use asset with a total square footage of 270,000.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $100,000,000
• Lender: Bank Hapoalim (Bhi)
• Landlord: The Moinian Group
• Brokers: Drew Anderman & Eddie Haber - Meridian Capital Group

The loan from BHI will finance MSD's existing $165,000,000 construction loan commitment to The Moinian Group. Drew Anderman and Eddie Haber from Meridian Capital Group represented the parties involved in the deal.