New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
BHI Furnishes $60M for Bulk Condo Deal in Hell’s Kitchen
BHI, a full-service commercial bank, provided $60 million in financing for the bulk acquisition of 70 residential condominium units in the Charlie West building at 505 W. 43rd St. in Midtown’s Hell’s Kitchen neighborhood. The borrower is a joint venture of Tishman Realty & Construction and PIMCO, which is acquiring the units, totaling 76,897 square feet, from Charlie West developer the Elad Group.
Completed in 2019, Charlie West rises 16 stories and has 123 units. BHI had provided construction financing for the project.
“We are pleased to welcome Tishman Realty as a new client and look forward to a productive collaboration,” said Ilana Druyan, BHI first VP and head of international originations real estate. “Charlie West is an extremely desirable building at affordable luxury price points, with a Midtown West location that continues to be one of the city’s fastest-growing areas.”
- ◦Financing

