Kriss Capital has secured a $205 million construction loan for their new condominium development, 26 East 35th. The project is located at the intersection of NoMad, Midtown South and Murray Hill. The financing package includes a $180 million senior loan from Kriss Capital and its partner Klirmark Capital, as well as a $25 million mezzanine loan from Corigin.
The deal was arranged by New York-based IPA Capital Markets team members Max Hulsh, Max Herzog, Marko Kazanjian and Andrew Cohen.
“We are honored to have been chosen by Continuum and the IPA team to provide financing for this important project,” said Jody Kriss, founder and managing principal of Kriss Capital. “We are proud that our investment will not only help build much-needed housing in NYC but also support the Israeli economy.”
Continuum CEO Ian Bruce Eichner added: “It was a pleasure working with both the talented team at Kriss capital as well as Max Hulsh and all those involved with IPA who played an integral role in making this deal happen.”
