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
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)
Fully-leased commercial space
Mix of residential and retail space
30,333 square-feet of residential space
44 rental units
12,302 square-feet of retail space
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