Shvo snags $120M inventory loan for Mandarin Oriental Residences Fifth Ave; Northwind Group provided debt for 50 unsold luxury condos

9/17/2024

|

The Real Deal

|

• Subcategory: Capital Markets: Debt, SF: Attached

• Tag: Adaptive Reuse | Conversion | Sale

• Additional Filters-Subcategory: Capital Markets: Debt-Loan, Hospitality: Branded Residences, MF: Highrise, SF: Condo

• Additional Filters-Tags: Conversion: Office-to-Residential, Historic, Sale: Investment, Sale: SF-Condo

Michael Shvo picked up fresh financing the Mandarin Oriental residences, where he has a long way to go before sellout. The Northwind Group provided a $120 million condominium inventory loan for the unsold units at 685 Fifth Avenue in Midtown, Bloomberg reported. The debt covers the 50 luxury units still awaiting a buyer.

SHVO Inc

Jerry Piro | Senior Managing Director-Design, Development & Construction

[email protected]

212-380-2100

New York

Single Family

Shvo snags $120M inventory loan for Mandarin Oriental Residences Fifth Ave; Northwind Group provided debt for 50 unsold luxury condos

SHVO Inc

Related News Links: