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Pacific Western Bank & Related Companies Provide $225M Construction Loan For Multifamily Property On Upper West Side

720 West End Avenue
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This MultiFamily property located in NY received a loan of $225,000,000 over 2 years ago. The brokers of the deal were Zachary Smolev, Eric Roth, Zachary (Zach) Kraft, Gideon Gil, Adam Spies, Maurice Suede, and Lauren Kaufman

Located at 720 West End Avenue in the Upper West Side, this closed transaction involved a multifamily property with a square footage of 220,168. The asset type of the property is multifamily, indicating that it comprises multiple residential units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $225,000,000
  • Date: 12/22/2021
  • Market: Upper West Side
  • Lender: Pacific Western Bank & Related Companies
  • Landlord: Wafra Capital Partners

Gideon Gil, Adam Spies, Lauren Kaufman, Eric Roth, Maurice Suede, Zachary Kraft, and Zachary Smolev, all from Cushman & Wakefield, were the brokers involved in this transaction. They represented the parties involved in the deal.

The loan provided for this transaction was a construction loan. The lender, Pacific Western Bank, and Related Companies offered a loan amount of $225,000,000 to facilitate the construction of the property.

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Deals
  • Location
    720 West End Avenue, New York, NY 10025720 West End Avenue, New York, NY 10025
  • Loan Value
    $225,000,000$225,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    7 Brokers, 2 Agencies7 Brokers, 2 Agencies

Agents

Zachary Smolev

Zachary Smolev

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Financed$532M

Maurice Suede

Maurice Suede

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Gideon Gil

Gideon Gil

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Financed$5.5B

Eric Roth

Eric Roth

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Financed$714.4M

Adam Spies

Adam Spies

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Financed$30.2B

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
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Volume$167B

Newmark

Newmark

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Deals3893
Volume$397.4B

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Deal Summary

LOAN IMAGE: Gideon Gil, Adam Spies, Lauren Kaufman, Eric Roth, Maurice Suede, Zachary Kraft & Zachary Smolev DATE: 12/22/2021 ADDRESS: 720 West End Avenue MARKET: Upper West Side ASSET TYPE: Multifamily ~ SF: 220,168 LENDER: Pacific Western Bank & Related Companies LANDLORD: Wafra Capital Partners BROKERS: Gideon Gil, Adam Spies, Lauren Kaufman, Eric Roth (@EricMRoth), Maurice Suede, Zachary Kraft & Zachary Smolev - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $225,000,000 LOAN TYPE: Construction loan

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720 West End Avenue

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