Blue Sky Developers Secures $102 Million Refinance Loan For Office To Residential Conversion In Hell's Kitchen

The asset involved in this transaction is an office to residential conversion located at 311 West 43rd Street in Hell's Kitchen, Manhattan. The loan amount secured for this property is $102,000,000, and it is categorized as a refinance loan.

Summary of transation details:

• Property Type: Office to Residential Conversion
• Transaction Amount: $102,000,000
• Lender: Shawn Safdie & Matan Kurman - S3 Capital
• Landlord: Blue Sky Developers
• Landlord's Representative: Morris Betesh, Israel Mermelstein, Jack McPhail & Joseph Kean - Arrow Real Estate Advisors
• Loan Type: Refinance

This transaction was facilitated by the lender, Shawn Safdie and Matan Kurman who represent S3 Capital, and involved key representatives from Arrow Real Estate Advisors including Morris Betesh, Israel Mermelstein, Jack McPhail, and Joseph Kean, who acted on behalf of the landlord, Blue Sky Developers.