Posted Dec 7, 2023, 7:00 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
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JPMorgan, Starwood Lend $236M on Upper East Side Condo Project
Quote:
Naftali Group has nabbed $236 million of construction financing for its planned condominium development project on Manhattan’s Upper East Side, the developer announced Wednesday.
JPMorgan and Starwood (STWD) Property Trust provided the loan for the 62-unit condo building at 255 East 77th Street, while Newmark‘s Dustin Stolly, Jordan Roeschlaub , Nick Scribani and Daniel Fromm negotiated the debt.
The 255 East 77th project will add to Naftali’s Manhattan condo property portfolio. It has executed three sold-out condo developments since 2020 including The Benson at 1045 Madison Avenue, 200 East 83rd Street and The Bellemont at 1165 Madison Avenue.
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https://commercialobserver.com/2023/12/jpmorgan-starwood-236m-upper-east-side-condo-project/
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