FINANCED
Northwind Group Provides $162.4M Refinance Loan For Mandarin Oriental Residences Fifth Avenue
685 Fifth Avenue – Mandarin Oriental Residences Fifth Avenue
66,708 SF
Financed 1 year ago
Summary
Loan
NEW YORK
66,708 sqft
The Mandarin Oriental Residences Fifth Avenue, located at 685 Fifth Avenue in Midtown, Manhattan, has undergone a significant financial transaction. The residential condominium property spans an impressive 66,708 square feet and consists of 69 units.
Summary of transaction details
- Property Type: Residential Condominium
- Transaction Amount: $162,400,000
- Address: 685 Fifth Avenue – Mandarin Oriental Residences Fifth Avenue
- Market: Midtown, Manhattan
- Lender: Northwind Group - Ran Eliasaf
- Landlord: SHVO / Deutsche Finance
- Brokers: Walker & Dunlop – Aaron Appel
- Loan Type: Refinance
- Loan Terms: Construction Loan
Leading the financial side of this transaction is Northwind Group, a real estate private equity firm. They managed to secure a loan of $162,400,000 to refinance the Mandarin Oriental Residences Fifth Avenue. The loan type is a construction loan, indicating that the funds will be used to develop or improve the property.
If you are interested in exploring potential opportunities with Northwind Group, you can reach out to them at [email protected].
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Ran Eliasaf, Michael Shvo & Aaron Appel
DATE: 04/21/2022
ADDRESS: 685 Fifth Avenue – Mandarin Oriental Residences Fifth Avenue
MARKET: Midtown, Manhattan
ASSET TYPE: Residential Condominium ~ SF: 66,708 ~ UNITS: 69
LENDER: Northwind Group - Ran Eliasaf
LANDLORD: SHVO / Deutsche Finance
BROKERS: Walker & Dunlop – Aaron Appel
LOAN AMOUNT: $162,400,000
LOAN TYPE: Refinance
LOAN TERMS: Construction Loan
NOTE FROM LENDER: Northwind Group is a real estate private equity firm that manages multiple debt funds providing acquisition, bridge, condo-inventory, construction, predevelopment & land loans in NYC and other major gateway cities in the US.
Please contact [email protected] with opportunities.View on map
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Address685 Fifth Avenue – Mandarin Oriental Residences Fifth Avenue
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