Trevian Capital Provides $26.35M Construction Loan For Upper East Side Condominiums

A construction loan in the amount of $26,350,000 was secured for the development at 176 East 82nd Street in the Upper East Side. The property involved in this transaction is a condominium building, located at the mentioned address. The loan was provided by Michael Hoffenberg and Charlie Zabriskie of Trevian Capital. Shaky Cohen of Nexus Building Development Group serves as the landlord for this project. Brad Domenico, representing @Progress.Capital, acted as the broker in this deal.

Summary of transaction details:

• Property Type: Condominiums
• Transaction Amount: $26,350,000
• Address: 176 East 82nd Street
• Market: Upper East Side

The loan obtained for the construction of the condominiums at 176 East 82nd Street was a non-recourse loan. This loan will support the development of the property, allowing for the construction and completion of the condominium building on the Upper East Side.