Centurion Real Estate Partners, in a joint venture, has successfully secured a $171 million loan through Macquarie Principal Finance for 212 West 72nd St., an upscale condominium building located on the coveted Upper West Side. Originally developed as a rental property in 2010, Centurion converted the building into luxury condominiums in 2019.
The purpose of this loan is to repay the original construction loan provided by KKR and is backed by the remaining move-in ready units. The property boasts of 108 lavish condos ranging from studio to five-bedroom units and two penthouses with private rooftop terraces. In addition, residents can enjoy top-notch amenities such as rooftop and third-floor terraces, an outdoor kitchen, fitness center, residents’ lounge,and children’s playroom.
JLL Capital Markets expertly arranged this financing with Michael Gigliotti,Peter Rotchford,Jefrey Julien,and Rob Hinckley leading their team.The ground floor retail space at this premier location is currently occupied by popular brands like Trader Joe’s,Duane Reade,and Bank of America.
