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| Kristen Knapp |
NEW YORK, NY –– Holliday
Fenoglio Fowler, L.P. (HFF) announces it has secured $97.1 million in financing
for 111 Leroy, a boutique luxury condominium development in Manhattan’s
West Village.
HFF worked on behalf of the
developer, Property Markets Group (PMG), to arrange the two-year, floating-rate
financing through Rialto Capital Management.
Loan proceeds were used to finance unsold condo inventory at
the development, which consists of 13 residences and four townhouses totaling
approximately 50,000 sellable square feet. HFF previously secured
construction financing for the project, which is now in the final stages of
development.
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| Christopher Peck |
111 Leroy consists of 18
bespoke residences within a 10-story, mid-rise tower at the corner of Greenwich
Street in the West Village.
The residences offer a variety of studio through
four-bedroom floor plans ranging from 506 to 3,370 square feet and the
project’s five three- and four-story townhouses include multiple private
terraces with fire pits, outdoor kitchens, hot tubs and private elevators.
The townhouses are
available in a variety of four- and five-bedroom layouts averaging 5,397 square
feet. The one five-bedroom townhouse unit also includes a private parking
garage with direct entry.
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111 Leroy, a boutique luxury condominium development
in Manhattan’s West Village
Homes will include high ceilings, nine-inch white oak flooring, LG washers and dryers, radiant floor heating, energy efficient HVAC systems, custom walnut cabinetry and Savant home automation.
In addition to the high-end interior finishes and exclusive
Leroy Street address, 111 Leroy will also feature a 24-hour doorman,
state-of-the-art gym, resident’s lounge, water views, and a landscaped yard
with arbor garden, lounge area, fire pit and barbecue.
The HFF debt placement team
included managing director Christopher Peck and analyst Kristen
Knapp.
CONTACTS:
CHRISTOPHER PECK
NY Lic. #40PE1175637
HFF Managing Director
(212) 245-2425
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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