Lender provided with a $68 million condo inventory loan
Wonder Works, Fimida Enterprises, and Mink Development have secured a $68 million condo inventory loan from Deutsche Bank for 302 East 96th Street. The recently completed Upper East Side property is located between First and Second Avenues.
Property details: The condo project spans 75,995 square feet, and contains 48 units. It has a projected sellout of $87.7 million
Financing Details: The two-year, interest-only loan refinances construction debt provided by Pacific Western Bank in 2016, according to REW.