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New York & Tri-State  + Downtown New York  + Finance  | 
A Cushman & Wakefield team advised Fine Properties in obtaining $35 million of financing for The Elisa, a condominium project in Chelsea

Chelsea Luxury Condos Land $35M Construction Financing

Cushman & Wakefield advised Fine Properties of New York in procuring $35,000,000 construction completion and condo-inventory financing for The Elisa, a 25-unit condominium property located at 251 W. 14th St. in Chelsea. The two-year loan with two six-month extension options was provided by Maxim Capital Group. 

A Cushman & Wakefield Equity, Debt & Structured Finance team of Lauren Kaufman, Gideon Gil, Dale Braverman and Cecelia Galligan represented the borrower. 

“The Elisa is a luxury condominium asset developed under the lead of the esteemed development firm, Pizzarotti, and award-winning architect Isay Weinfeld,” said Kaufman. “The property benefits from its premier location at the coveted intersection of Chelsea, the West Village and the Meatpacking District, surrounded by some of the city’s best retail and dining destinations. We were pleased to connect our client with Maxim, who executed seamlessly in volatile market conditions and is the right lender to see this project through completion.”  

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Cushman & Wakefield's Kaufman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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