Northwind Group is acquiring 66 Pearl Street for $30 million, $21 million of which comes from a loan arranged by Mission Capital.
Source: RE Business Online
Mission Capital Secures $21M in
Financing for Acquisition of 66 Pearl
Street
NOVEMBER 3, 2014
BY AMY WORKS
Northwind Group is acquiring 66 Pearl Street for $30 million, $21 million of which comes from a loan arranged by Mission Capital Advisors.
NEW YORK CITY — Mission Capital Advisors’ Debt & Equity Finance Group has arranged $21 million in first mortgage financing on behalf of Northwind Group for the acquisition of 66 Pearl Street in New York City. Northwind Group is purchasing the six-story, mixed-use residential property located in New York City’s Financial District for $30 million. The 43,546-square-foot building features
42 residential units, with 6,485 square feet of ground-floor retail. Jonathan More,
Ari Hirt, Steve Buchwald and David Behmoaras represented the sponsor, Northwind Group, in arranging the financing with Sterling National Bank.
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