search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsHousing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsGeorge Lucas developing priciest condo in Chicago history George Lucas developing priciest condo in Chicago history Major developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projects
Commercial
New York

Rockefeller Group lands $203M loan for NoMad assemblage

Money for company’s East 29th Street project comes from Sumitomo Mitsui Trust Bank

Renderings of 30 East 29th Street and Rockefeller Group CEO Daniel Moore (Credit: CityRealty and The Rockefeller Group)
Renderings of 30 East 29th Street and Rockefeller Group CEO Daniel Moore (Credit: CityRealty and The Rockefeller Group)

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.

Sign Up for the undefined Newsletter

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.

Tags
Commercial Real EstateNomadRockefeller Group