Brief
Naftali Provides $203M in Financing for Office-to-Residential Conversion Project in Manhattan
NEW YORK CITY — Naftali Credit Partners, an alternative lender and subsidiary of global investment firm Naftali Group, has provided $203 million in financing for an office-to-residential conversion pr
Summary
NEW YORK CITY — Naftali Credit Partners, an alternative lender and subsidiary of global investment firm Naftali Group, has provided $203 million in financing for an office-to-residential conversion project in Midtown Manhattan.
The financing comprises a $167 million senior loan and a $36 million mezzanine loan.
The borrower is private equity firm Yellowstone Real Estate Investments, and the property in question is the 25-story building at 221 West 41st St., which was originally constructed in 19
Source
- REBusinessOnlinerebusinessonline.com
