Title update:
NEW YORK | 38 West 33rd Street | 404 FT | 36 FLOORS
This may be under construction by now -- anyone near the ESB should take a pic!
Torkian Group Takes $105M Construction Loan for Koreatown Development
BY TERENCE CULLEN SEPT. 10, 2015, NOON
Quote:
Israel-based Bank Leumi has provided a $105 million construction loan for a residential development in Manhattan’s Koreatown, Commercial Observer can exclusively report.
The loan will fund The Torkian Group’s project at 38 West 33rd Street—a 220,000-square-foot, multifamily tower between Avenue of the Americas and Fifth Avenue.
The three-year debt carries a Libor-based floating rate, no prepayment penalty and interest-only payments throughout the entire term, according to Meridian Capital Group, which arranged the financing.
Meridian Senior Managing Director Ronnie Levine and Vice President Aggelos Sklavenitis negotiated the debt deal.
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Application:
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01
Zoning Diagram:
http://a810-bisweb.nyc.gov/bisweb/BS...de=ES125285231
YIMBY