Kriss Capital Closes on $205M Construction Loan for Midtown Condo Project

Kriss Capital closed on a $205-million construction loan for 26 East 35th, a ground-up condominium development at the intersections of NoMad, Midtown South and Murray Hill. The 30-month construction loan includes a $180-million senior loan provided by Kriss Capital and its Israeli partner Klirmark Capital. In addition, Corigin, a private New York-based real estate investment firm, provided a $25-million mezzanine loan. 

The financing package was arranged by the New York-based IPA Capital Markets team consisting of Max Hulsh, Max Herzog, Marko Kazanjian and Andrew Cohen.

 “We greatly appreciate that Continuum and Max Herzog, Max Hulsh, Marko Kazanjian and their team at IPA Capital Markets entrusted us as its financing provider and we get to do our small part to help build housing much needed in NYC,” said Jody Kriss, founder and managing principal at Kriss Capital. “We’re also proud that the vast majority of the interest we earn will support the Israeli economy.” 

 “It was a pleasure working with the Kriss Capital team and Max Hulsh and the whole IPA Capital Markets team who were instrumental in getting this deal closed,” said Ian Bruce Eichner, CEO of The Continuum Company.