First Republic Bank Provides $45M Construction Loan For Upper West Side Development Site At 15-19 West 96th Street
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This Development Site property located in NY received a loan of $45,000,000 over 2 years ago. The brokers of the deal were Garrett Sokoloff, Jeff Weinberg, and David Ostrov
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- Location15-19 West 96th Street, Manhattan, New York, NY, USA
- Loan Value$45,000,000
- Asset TypeDevelopment Site
- Parties3 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Simon Rosenfeld, Garrett Sokoloff, David Ostrov & Jeff Weinberg
DATE: 09/28/2021
ADDRESS: 15-19 West 96th Street
MARKET: Upper West Side
ASSET TYPE: Development Site ~ BSF: 60,334
LENDER: First Republic Bank
LANDLORD: Sackman Enterprises
BROKERS: Simon Rosenfeld (@SimonRosenfeldNYC), David Ostrov, Jeff Weinberg & Garrett Sokoloff - Meridian Capital Group
LOAN AMOUNT: $45,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: $45,000,000 at a variable interest rate (125bps over Prime) with a 3-year term
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15-19 West 96th Street
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