Apr
02
Eastern Consolidated Secures $108M for NYC Condo Project
ByXIN Development’s seven-story building in Hell’s Kitchen will include 82 residential condominium units, as well as lower-level and ground-floor retail.
New York—Eastern Consolidated’s Capital Advisory Division has recently secured a construction loan in the amount of $108 million on behalf of XIN Development International Inc., for the development of a seven-story, 82-unit residential condominium project. The building, which will be located in Manhattan’s Hell’s Kitchen, will include a retail component.
Adam Hakim, managing director, and James Murad, director of Eastern Consolidated, arranged the financing with the lender, Bank of the Ozarks…
