$35MM Development Site Acquisition|New York, NY

Structured and arranged a high-leverage, short-term bridge loan to capitalize a joint venture formed to acquire an 87,000-square-foot development site located near the United Nations in Midtown Manhattan.

Challenges

The land contributed into the partnership was owned by the government of Senegal, which faced a lawsuit that threatened to derail the closing process as settlement was necessary to release the subject site. Additionally, new ownership was seeking a quick close utilizing non-recourse bridge financing.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057