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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN COMPANY ARRANGES $67 MILLION FINANCING FOR THE SEVILLE IN NEW YORK CITY |
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Friday, May 19, 2000
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New York, NY
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Sonnenblick-Goldman Company, as exclusive financial advisor to RFR Holding LLC and Davis & Partners LLC, has arranged a $67 million construction loan for The Seville, a luxury rental apartment building in New York, New York.
Located at the southeast corner of Second Avenue and 77th Street, The Seville will be a 31-story high-rise residential apartment building, which will contain 144 units, over 19,000 square feet of retail space and parking for 36 cars. The building is expected to be completed in Fall 2001 and will be available for immediate occupancy. The Seville has a variety of upscale amenities including a state-of-the-art security system; 24-hour doorman service; laundry facilities in each one, two, and three bedroom apartments, as well as common facilities on the third floor; a wine cellar; a business center with conference room and theatre; and a 3,295 square foot health club with sauna, steam room, and lap pool.
Peter Berk, Vice President of Sonnenblick-Goldman Company, noted that "this is the only luxury rental apartment building on the Upper Eastside scheduled to be completed in the fourth quarter of 2001. Given the low vacancy rate, substantial increases in rents, reputation and quality of the development team and low levels of new construction in New York City, we received strong lender interest in this particular property." |
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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