Eichner Lands $205M Construction Loan for Luxury Murray Hill Tower
Ian Bruce Eichner’s Continuum Company landed a $205 million construction loan for its condo project at a former Murray Hill church site at 40 East 35th Street.
New York-based private lender Kriss Capital and Israeli firm Klirmark Capital provided the $180 million senior loan for the planned 137-unit building at 26 East 35th Street, according to a press release. Real estate investment firm Corigin issued the $25 million mezzanine loan. The loan term is 30 months.
Eichner said the sale closed along with the loan, which was arranged by a team including Max Hulsh and Max Herzog of IPA Capital Markets, a division of Marcus & Millichap. A Cole Schotz team including Matthew Schneid and Emanuel Tsourounis II represented Continuum.
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