FINANCED
First Republic Bank Provides $45M Construction Loan For Upper West Side Development Site At 15-19 West 96th Street
15-19 West 96th Street
Development Site
60,334 SF
60,334 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
60,334 sqft
A development site located at 15-19 West 96th Street in the Upper West Side of New York City has recently secured a construction loan. The property, with a buildable square footage (BSF) of 60,334, is owned by Sackman Enterprises.
Summary of transation details
- Property Type: Development Site
- Transaction Date: 09/28/2021
- Address: 15-19 West 96th Street
- Market: Upper West Side
- BSF: 60,334
The lender for this project is First Republic Bank, providing a construction loan of $45,000,000. The loan terms include a 3-year term with a variable interest rate, set at 125 basis points over the Prime rate.
Meridian Capital Group represented the parties involved in the deal. The brokers, Simon Rosenfeld, David Ostrov, Jeff Weinberg, and Garrett Sokoloff, facilitated the transaction on behalf of their clients.
Players
Details
FINANCED
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 termView on map
Loading...
Address15-19 West 96th Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want