The Real Deal New York

Rockefeller Group lands $203M loan for NoMad assemblage

Money for company’s East 29th Street project comes from Sumitomo Mitsui Trust Bank
By Eddie Small | October 03, 2018 12:10PM

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.

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.