
Northwind Closes on $45M Condo Inventory Loan
Locally based real estate private equity firm Northwind Group closed on a $45-million condo inventory loan for a 120-unit condominium building located on the Upper West Side of Manhattan at 175 W. 95th St. The borrower is a joint venture between Meadow Partners and Glacier Equities.
Northwind closed on the loan quickly and efficiently, providing flexible terms, which enabled the time and resilience needed to execute their business plan, the company said. The firm said it remains committed to lending in New York City despite a volatile capital markets environment.
“Northwind was able to structure a flexible loan at an attractive basis with additional future funding of project costs,” said Myles Horn, managing partner of Glacier Equities. “We look forward to continuing to unlock the value of this asset and to a successful execution of the business plan.”
- ◦Financing