JLL Capital Markets experts successfully arranged a $48.7 million loan to refinance the acquisition and redevelopment of 150 West 82nd Street, a boutique condominium building located in the heart of New York City’s Upper West Side. The group worked on behalf of GreenOak Real Estate LP and Slate Property Group to place the loan with Apollo Global Management LLC.
Aaron Appel, Vice Chairman; Keith Kurland, Adam and Jonathan Schwartz, Managing Directors; Michael Diaz, Executive Vice President; and Patrick Heitmann, Analyst, led the JLL Capital Markets team handling the debt assignment.
The 10-story 150 West 82nd Street is located between Columbus and Amsterdam avenues on the Upper West Side. The owners plan a condominium conversion of the property. When completed, 150 West 82nd Street will offer a resident lounge, gym, private backyard, private roof deck, bike storage and private storage.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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