JLL Capital Markets has recently co-ordinated a $36.7 million loan for the construction of a new Manhattan condominium building, New York YIMBY reports.
The 15-story project designed by Kutnicki Bernstein Architects at 128-130 W. 23 St. on the border of Flatiron and Chelsea is already under construction.
Construction permits filed December 2017 called for a structure measuring about 40,000 sq. ft. including 33 residential units and 3,600 sq. ft. of ground floor retail. The more recent announcement indicates a slightly smaller project, with 30 residential units and 3,673 sq. ft. of retail in an overall 37,752 sq. ft.
JLL says it worked on behalf of Pan-Brothers Association and Valyrian Capital to place the construction loan with CapitalSource.
