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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.”
- ◦Development
- ◦Financing

