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$20M land deal.


Sonnenblick-Goldman, acting on behalf of The Clarett Group, has arranged a $20.6 million land acquisition loan for 126-36 West 19th Street.

The developer plans to build a luxury condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 on the site. A domestic insurance company provided the funding.

"There is a limited number of financial institutions interested in making non-recourse land loans," says Steven Ste´ven

n. 1. Voice; speech; language.
Ye have as merry a steven
As any angel hath that is in heaven.
- Chaucer.

2. An outcry; a loud call; a clamor.
To set steven
to make an appointment.
 A. Kohn Kohn is a surname, which may refer to:
  • Alfie Kohn
  • Dan Kohn-Sherbock
  • David Kohn
  • Donald Kohn
  • Fritz Nathan Kohn, later Kortner
  • Hans Kohn
  • Robert D.
, president of Sonnenblick-Goldman Company. "In this case, the lender valued the quality of sponsorship and recognized that Chelsea Chelsea, city, United States
Chelsea, city (1990 pop. 28,710), Suffolk co., E Mass., an industrial suburb of Boston; settled 1624, inc. as a town 1739, as a city 1857. It has made printed goods, rubber, plastics, electrical machinery, shoes, and paint.
 is a hot residential market."
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Article Details
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Title Annotation:Construction & Design
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 12, 2005
Words:81
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