Cottonwood Group Provides $105M Bridge Loan For Savanna's Office Building In Midtown West

A bridge loan in the amount of $105,000,000 has been secured for an office property located at 156 West 56th Street in Midtown West. The loan was provided by Cottonwood Group, represented by Alexander Shing. Savanna, represented by Christopher Schlank and Nicholas Bienstock, is the landlord of the property. The loan transaction took place on September 10, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $105,000,000
• Address: 156 West 56th Street
• Market: Midtown West
• Lender: Cottonwood Group - Alexander Shing
• Landlord: Savanna - Christopher Schlank & Nicholas Bienstock
• Lender's Counsel: Kasowitz Benson Torres LLP

Alexander Shing represented Cottonwood Group in providing the bridge loan for this office property. Christopher Schlank and Nicholas Bienstock, representing Savanna, act as the landlords for the transaction. Kasowitz Benson Torres LLP served as the lender's counsel.