The Dermot Company, in partnership with Affinius Capital and PGGM, has procured a refinancing loan from accounts managed by KKR for the multifamily asset at 101 West End Ave. in Manhattan. Meridian Capital Group was exclusively retained to secure financing on behalf of the joint venture.
101 West End Avenue is a 35-story, 502-unit, luxury residential building with units ranging from studios to three bedrooms. Dermot recently completed a significant renovation program to the units and common areas of the 2000-vintage property. The asset boasts newly renovated units accented with plank wood floors, Euro-style cabinetry, quartz countertops, stainless steel appliances, new bathrooms, custom closets and in-unit washers and dryers. The building’s amenities include an indoor basketball court, fitness center, children’s playroom, resident lounge, theater room, billiard room, party room, work space, poker room and a 7,650-square-foot landscaped roof deck.
“We have transformed 101 West End into one of the most desirable residential buildings on the Upper West Side,” said Andrew Levison, chief operating officer, partner and managing director at The Dermot Company. “KKR understands our business plan and the value of this highly amenitized and well-positioned property.”
