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Northwind Provides $95M Acquisition Loan for FiDi Office Tower
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, provided a $95-million senior mortgage acquisition loan secured by 100 Wall St., a 29-story office property in the Financial District totaling more than 515,000 square feet. The property was acquired by a joint venture between Lloyd Goldman’s BLDG and David Werner’s DWREI.
Northwind Group structured a competitive and quick financing solution. Since the beginning of 2024, Northwind has closed on more than $650 million in loans across New York City and other major gateway markets.
“Despite the challenges faced in today’s office market, the attractive basis, existing in place cash flow, strong top-floor WALT and tenancy, and potential for residential conversion give us confidence in a path towards stabilization in the building,” said Ran Eliasaf, founder and managing partner of Northwind Group. “We have underwritten many offices in NYC and elected to finance this project as it checks all the boxes with a clear and simple business plan.”
Northwind was represented by John Vavas of Polsinelli Law Firm.
- ◦Sale/Acquisition
- ◦Financing
