Kriss Capital Provides $185M Loan for Midtown Condo 

JLL Capital Markets has secured $185 million in financing for the Monogram, a luxury condominium development comprising 191 units located at 135 East 47th St. in Midtown East. Acting on behalf of the borrower, Navigation Capital Partners, an affiliate of a major Asian real estate firm, JLL facilitated the condo inventory loan through Kriss Capital, a New York-based private real estate lender. This financing enables Navigation to retire existing debt and commence sales.  

The 35-story Monogram offers a mix of studio, one- and two-bedroom units, along with four penthouses, complemented by 9,200 square feet of amenities, including a wellness center, lobby lounge, and rooftop space with skyline views.  

“The sponsors are well capitalized, experienced developers whose offering attracted a strong field of lenders excited by the tremendous opportunity of this exceptional property in a supply constrained sub-market,” said Scott Aiese, senior managing director who led the JLL Capital Markets Debt Advisory team. 

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