Legion Investment Group And Gindi Capital Secure $335 Million Construction Loan For 38 Gramercy Park East

The asset involved in the transaction is a multifamily property located at 38 Gramercy Park East in the Flatiron market. The property spans a total square footage of 145,978 and is associated with a construction loan amounting to $335,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $335,000,000
• Address: 38 Gramercy Park East
• Market: Flatiron
• Lender: MSD & Global Holdings
• Landlord: Legion Investment Group & Gindi Capital
• Brokers: Adam Doneger, Adam Spies, Douglas Harmon, Jordan Roeschlaub, Nick Scribani, Joshua (Josh) King, Marcella Fasulo, Avery Silverstein, Michael Collins & Jonathan Firestone - Newmark
• Loan Type: Construction

This transaction involved key players including the landlord Legion Investment Group and Gindi Capital, who are instrumental in the management and ownership of the property. The deal was brokered by a team from Newmark, showcasing a collaborative effort among several industry professionals in facilitating this significant loan transaction.