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Moinian’s West Side Luxury Rental Secures $539M Loan

08.06.2014

The Moinian Group announced that is has secured a $539 million loan with the New York State Housing Finance Agency with credit enhancement from the Bank of China and Ullico for 605 W. 42nd St. The 1.16 million-square-foot luxury residential tower is located at the northwest corner of West 42nd Street and 11th Avenue and sits adjacent to the 478-unit Atelier condominium tower. Both buildings are a part of Moinian’s four million buildable square foot development pipeline along 11th Avenue.

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