Northwind, BHI Fund $170M UWS Condo Project
Slice of Construction Team
04/03/2025
Key Highlights:
- $170 million construction loan for Upper West Side condo development
- 36-unit boutique luxury project led by Nortco Development
- Funded via Northwind Debt Fund III, launched January 2025
- Designed by a globally renowned architect with large-format units
- Fulfills market demand for family-sized residences in boutique buildings
Source: PR Newswire
Quotes
“ "We are pleased to fund this loan for Nortco... This loan demonstrates our strong commitment to financing premier condominium developments in New York City." ”
Ran Eliasaf, Founder and Managing Partner at Northwind Group
Why This Matters:
This major financing reflects the continuing strength of the Manhattan luxury residential market, particularly in the Upper West Side where demand for spacious, high-end condominium units remains robust. Northwind Group's latest fund, NDF III, shows momentum in real estate credit investments, while the collaboration with Nortco and BHI underscores a broader trend of relationship-driven financing for transformative urban developments.
