HAP locks in $235M construction loan for Chelsea rental-condo

HAP Investments scored a $235 million construction loan for its two-building, rental-condominium development in Chelsea, sources told The Real Deal. Daiwa House Texas, a U.S. subsidiary of Japan’s largest homebuilder Daiwa House Group, provided the financing for the project at 215-227 West 28th Street, said sources familiar with the deal. In addition to a senior loan, Daiwa provided mezzanine and joint-venture equity in the deal, sources added. Daiwa also provided $42 million in acquisition and […]


Source: Real Estate

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