Sorting House Construction Underway With $25M From Pacific West Bank

A rendering of The Sorting House.

The Sorting House, a 30-unit condominium project underway atop a post office in Hell’s Kitchen, received $24.7 million in construction funds, a representative for the developer told Commercial Observer.

The loan for the development, at 318 West 52nd Street, was provided by CapitalSource, the commercial lending arm of Pacific West Bank, according to the representative. Ackman-Ziff brokered the deal. Read More

Mortgage Observer

Q&A: Jay Neveloff, Kramer Levin

Jay Neveloff.

The Mortgage Observer spoke to Kramer Levin partner Jay Neveloff this month. Mr. Neveloff, a 24-year veteran at the firm, told us what he’s hearing from his wide range of clients following November’s elections and what many of those clients are busiest doing with the end of the year fast approaching. Read More