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GTIS Partners Announces Origination of $146 million Loan to Extell Development for Upper East Side Condo Inventory


Press release content from PR Newswire. The AP news staff was not involved in its creation.
GTIS Partners Announces Origination of $146 million Loan to Extell Development for Upper East Side Condo Inventory
March 2, 2021 GMT
NEW YORK, March 2, 2021 /PRNewswire/ GTIS Partners LP (“GTIS”) today announced that it will be providing a $146 million inventory loan to Extell Development (“Extell”) to refinance the remaining units in The Kent, a fully completed 104-unit, 210k square foot, 30-story residential condominium tower with ground floor retail in Manhattan’s Upper East Side. The loan will be made in partnership with Blackstone Real Estate Debt Strategies. The property is located in the highly coveted Upper East Side of Manhattan on the corner of 95th Street and Third Avenue. The Upper East Side offers proximity to Midtown Manhattan and Central Park in addition to top-tier public and private schools. The property contains an extensive amenity offering, includ ....

New York , United States , France General , San Francisco , New Jersey , Rob Vahradian , Thomas Feldstein , Douglas Elliman , Tom Shapiro , Los Angeles , Alexandra Champalimaud , Josh Pristaw , Amy Boyle , Extell Development , Extell Development Company , International Gem Tower , Upper East , Blackstone Real Estate Debt , Upper East Side , Midtown Manhattan , Central Park , Beyer Blinder Belle , New York City , Senior Managing Director , Doulas Elliman , Senior Director ,

JLL Capital Markets Arranges Financing for 175-Unit The Bradley Luxury Apartment Community in Wynwood District of Miami


JLL worked on behalf of the borrower to secure the loan from Blackstone Real Estate Debt Strategies.
The Bradley stands five stories tall and offers one- and two-bedroom floorplans that boast floor-to-ceiling windows and offer various community amenities including a resort-style pool and fitness center.
Located at 51 Northwest 26th St., the property has a Walk Score© of 94 and is positioned in Wynwood’s vibrant neighborhood known for its wall murals, street art and galleries, eclectic dining scene and its craft breweries converted from old warehouses. Wynwood is also just north of Downtown Miami and is proximate to I-95 and I-195, offering connectivity to Miami Beach. ....

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