Rockefeller Group lands $203M loan for NoMad assemblage

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

New York /
Oct.October 03, 2018 12:10 PM

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.


Related Articles

arrow_forward_ios
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales outpace pre-pandemic figures in Q2
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit
Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit
The Delta variant and the CDC’s recent mask reversal is adding a new element of intrigue to return-to-work policies. (iStock)
Covid surge, CDC reversal upends back-to-office plans
Covid surge, CDC reversal upends back-to-office plans
Loan surge at NYCB points to recovery of multifamily market
Loan surge at NYCB points to recovery of multifamily market
Loan surge at NYCB points to recovery of multifamily market
Boston Properties CEO Owen Thomas (Thomas by Axel Dupeux, iStock)
Work-from-home threat “overstated,” Boston Properties CEO says
Work-from-home threat “overstated,” Boston Properties CEO says
Turner & Townsend CEO Vincent Clancy and CBRE CEO Bob Sulentic (Turner & Townsend, CBRE)
CBRE pays $1.3B for 60% stake in London-based project manager
CBRE pays $1.3B for 60% stake in London-based project manager
Proptech revolution grows as landlords turn to big data to manage properties
Proptech revolution grows as landlords turn to big data to manage properties
Proptech revolution grows as landlords turn to big data to manage properties
Lightstone Group CEO David Lichtenstein and 145 Bowery (Lightstone, Google Maps, Moxy Hotels)
Lightstone receives $130M construction loan for new Moxy hotel on LES
Lightstone receives $130M construction loan for new Moxy hotel on LES
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...