Providing construction financing to a New York based developer, which will develop a 31-story hospitality property
Project description:
- The site is located on 47th and 48th Streets between Madison Avenue and 5th Avenue
- The projects entails the development of a ~123K SF hospitality property with ~2K SF of retail space
- The property is located in close proximity to major tourist attractions including Rockefeller Plaza, Grand Central Terminal, Times Square, and Central Park