Updated Oct 20, 2026
Aden Wiener Of SilverLining Development Secures $21.5M Construction Loan For 31 Lispenard Street
31 Lispenard Street
$21,500,000
Units
20
Asset Type
MultiFamily
Closing
Oct 8, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 31 Lispenard Street in the Tribeca market of Manhattan. The property consists of 20 units and is associated with a construction loan valued at $21,500,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,500,000
- Lender: Emerald Creek Capital
- Borrower: Aden Wiener - SilverLining Development
- Broker: AJ Bruno - CBRE
- Loan Type: Construction
- Loan Terms: 30+6+6
The loan is facilitated by representatives Mark Bahiri and Matt Fantuzzi from Emerald Creek Capital, reflecting their role in providing the financing necessary for the property’s development. The borrower, Aden Wiener, is associated with SilverLining Development, indicating the entity responsible for the project execution.
On the Map
$21,500,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93