Lantern Real Estate arranged a $56-million condo inventory loan for 145 CPN, a luxury condominium property at the top of Central Park North in Harlem. The loan was provided by the Northwind Group.
Standing 13 stories tall, 145 CPN was recently completed and is comprised of 37 units with one- to four-bedroom layouts, all with direct views of Central Park and the Manhattan skyline.
“Lantern secured attractive financing for the borrower within a period of only one month,” said Tal Bar-Or, principal and co-founder of Lantern Real Estate. “Not only did this deal move quickly, but we were also able to tailor a unique and efficient structure.
“Despite disruption associated with the pandemic,” he continued, “this transaction demonstrates that the financing world remains committed to New York City’s future. Lenders are affirming the city’s long-term resiliency by supporting high-quality projects like this from reputable sponsors.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
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