Pacific Western Bank & Related Companies Provide $225M Construction Loan For Multifamily Property On Upper West Side
720 West End Avenue
220,168 SF
Summary
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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9
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