The Rockefeller Group has landed a $202.5 million financing for its planned condominium tower in NoMad.
Japanese company Sumitomo Mitsui Trust Bank provided the debt on 30-32, 34 and 36 East 29th Street, according to property records. The financing package includes a $153 million building loan and a $33 million project loan.
Rockefeller and Mitsubishi Estate Company are planning to build a 46-story building with 123 units at the site, which it bought from Extell last year for $98.7 million. The project will stand 600 feet tall and span 170,000 square feet.
The companies also just received a $52.5 million cash infusion for the project from Israeli billionaire Eyal Ofer.