Marathon Asset Management Provides $120M Construction Loan for Ultra-Luxury Garage-to-Residential Development in New York City’s West Village

12/10/2024

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Business Wire

• Subcategory: Capital Markets: Debt, MF: Condo-Townhome, MF: Market Rate, Specialty

• Tag: Closing | Conversion | New Construction | Press Release

• Additional Filters-Subcategory: MF: Condo, SF: Condo, Specialty: Parking Spaces-Garage

• Additional Filters-Tags: Conversion: Parking Garage-to-Residential, Sale: SF-Condo

• Company: Marathon Asset Management

Marathon Asset Management’s Commercial Real Estate platform has originated a $120 million construction loan for 125 Perry Street, an ultra-luxury residential development in Manhattan’s prestigious West Village neighborhood. This milestone marks a pivotal moment in the realization of a groundbreaking project that promises to redefine the standards for ultra-luxury condominiums in one of New York City's most coveted zip codes.