Pacific Western Bank & Related Companies Provide $225M Construction Loan For Multifamily Property On Upper West Side

Located at 720 West End Avenue in the Upper West Side, this closed transaction involved a multifamily property with a square footage of 220,168. The asset type of the property is multifamily, indicating that it comprises multiple residential units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $225,000,000
• Date: 12/22/2021
• Market: Upper West Side
• Lender: Pacific Western Bank & Related Companies
• Landlord: Wafra Capital Partners

Gideon Gil, Adam Spies, Lauren Kaufman, Eric Roth, Maurice Suede, Zachary Kraft, and Zachary Smolev, all from Cushman & Wakefield, were the brokers involved in this transaction. They represented the parties involved in the deal.

The loan provided for this transaction was a construction loan. The lender, Pacific Western Bank, and Related Companies offered a loan amount of $225,000,000 to facilitate the construction of the property.