Mandarin Oriental Residences Secures $120M Inventory Loan with SHVO

Mandarin Oriental Residences Secures $120M Inventory Loan with SHVO

SHVO, a real estate private equity firm and debt fund manager based in Manhattan, recently provided a $120 million first-mortgage loan for the remaining 50 residential units at The Mandarin Oriental Residences Fifth Avenue. This luxury property, located on the corner of 54th Street and Fifth Avenue, is managed by the renowned Mandarin Oriental brand.

The borrower for this transaction was SHVO’s partner Deutsche Finance. The property boasts 65 high-end residences with prices starting at $1.85 million.

According to Michael Shvo, founder and CEO of SHVO: “This deal is an important achievement for both SHVO and Mandarin Oriental Fifth Avenue as it showcases the strength of our brands.” He also highlighted that these premium residences are highly sought after as pied-à-terres due to their fully furnished turnkey living experience in one of New York’s most desirable neighborhoods.

Overall, this recent transaction further solidifies SHVO’s reputation as a leading player in New York City’s luxury real estate market.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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