Financing Secured for New Mixed-Use Building in Manhattan

October 24, 2020
Send this article to a friend
Photo Credit: Invictus Real Estate Partners, LLC

Photo Credit: Invictus Real Estate Partners, LLC

Source: Connect.Media

Developers have secured $27.5 million in financing for a newly constructed mixed-use building in Manhattan’s Upper West Side.

Where is it happening?
New York City, N.Y.

Who is Involved?
Developers: Invictus Real Estate Partners, LLc
Broker: JLL Capital Markets
Lender: MetLife

When is it happening?
The loan has been secured. Construction of the building wrapped up in March 2020.

Why is it important?
“Proceeds were used to retire the original construction loan and mezzanine financing.” (Paul Bubny, Connect.Media)

Key Aspects?
Fully-leased commercial space
Mix of residential and retail space

Project Specs?
15-stories tall
30,333 square-feet of residential space
44 rental units
12,302 square-feet of retail space

Office Empathy

NELSON Worldwide Shares Insights on Evolving Workplace Expectations

FREE Newsletters


Midwest Build Week Online

Midwest Build Week Online is the largest virtual/online event covering all the latest projects and opportunities for the construction industry in Chicago and the Midwest.

WHITE PAPERS


WHY DO WE FEEL BETTER WITH WOOD?

This commARCH White Paper focuses on how Wood shows psychological and physiological benefits, according to research.