HFF arranges $80 million financing for boutique condominium development in Manhattan’s West Village
NEW YORK, NY – August 9, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $80 million in construction financing for the ground-up development of a boutique condominium property at 17 Jane Street in Manhattan’s historic West Village.
HFF worked exclusively on behalf of Edward J. Minskoff Equities, Inc. to secure the first mortgage and mezzanine loans.
Located in the heart of the West Village with more than 100 feet of frontage along Jane Street, 17 Jane Street has been designed by world-renowned, London-based David Chipperfield Architects. Due for completion in third quarter 2018, the project will offer a small number of private residences in a variety of three-, four- and five-bedroom configurations.
HFF’s debt placement team was led by managing directors Christopher Peck and Scott Aiese.
About Edward J. Minskoff Equities, Inc.
Edward J. Minskoff Equities, Inc. (“EJME”) is led by former Olympia & York (USA) founder and CEO, Edward J. Minskoff. Since its start in 1987, EJME has been engaged in the development, acquisition and management of institutional-quality real estate in major urban centers. EJME owns, leases and manages six million square feet, and Edward J. Minskoff has developed more than 40 million square feet in 10 major cities across America. For more information, visit ejmequities.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.