Northwind Group, a real estate private equity firm and debt fund manager based in Manhattan, recently provided a senior mortgage acquisition loan of $95 million for the purchase of 100 Wall St., a 29-story office building in the Financial District spanning over 515,000 square feet. The property was acquired by BLDG and DWREI through a joint venture between Lloyd Goldman and David Werner.
In order to secure this financing quickly and competitively, Northwind Group utilized their expertise to structure an efficient solution. In fact, since the start of 2024 alone, Northwind has successfully closed on more than $650 million worth of loans across New York City as well as other major gateway markets.
According to Ran Eliasaf – founder and managing partner at Northwind Group – despite current challenges faced by the office market industry, factors such as low cost basis for acquisition purposes coupled with existing cash flow potential make this particular project highly promising. Additionally,the strong weighted average lease term (WALT) for top-floor tenancy along with its potential for residential conversion further solidify our confidence in achieving stabilization within this building. As experts who have underwritten numerous offices throughout NYC,Northwind specifically chose to finance this project due its clear-cut business plan that checks all necessary boxes.
Representing Northwind during these negotiations was John Vavas from Polsinelli Law Firm.
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