JLL Capital Markets Arranges $79M Bridge Loan For Mixed-Use Properties In Upper East Side

Two mixed-use properties in the Upper East Side have secured a bridge loan of $79 million. The properties at 309 East 94th Street and 324 East 95th Street were involved in the transaction. The loan was provided by Ares Management, with Bryan Donohoe serving as the representative. Taconic Partners, represented by Chris Balestra and Nuveen Real Estate, acted as the landlord. The deal was facilitated by brokers Evan Pariser, Aaron Niedermayer, and Geoff Goldstein of JLL Capital Markets.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $79,000,000
• Address: 309 East 94th Street & 324 East 95th Street
• Market: Upper East Side

The bridge loan, secured for the Upper East Side mixed-use properties at 309 East 94th Street and 324 East 95th Street, involved Ares Management as the lender. Bryan Donohoe acted as the representative for Ares Management. Taconic Partners, represented by Chris Balestra and Nuveen Real Estate, assumed the role of the landlord. Additionally, Evan Pariser, Aaron Niedermayer, and Geoff Goldstein from JLL Capital Markets played a key role as brokers in facilitating the transaction.