JLL coordinates $36.7 million Manhattan mixed use condo loan

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128-130 w 23 new york
Rendering by Kutnicki Bernstein Architects of 128-130 W. 23rd St.

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.

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