Partners reach right comfort level to back luxury Tribeca condo plan.Pantheon Financial LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New York-based real estate merchant bank and one of the affiliate companies of Pantheon, has teamed with Canyon Capital Realty Advisors to close on a $28.25 million bridge loan for New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. developer, Sleepy Hudson LLC, to fund the acquisition of two contiguous parcels of land to be developed into a luxury residential 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. tower in the Tribeca neighborhood. This represents the first loan closing for Pantheon Financial, and the official launch of the company's national lending platform. Pantheon Financial is targeting several markets nationwide, including the Caribbean, and has earmarked $150 million in lending goals over the next year. The bridge loan financed Sleepy Hudson's acquisition of two adjacent properties located at 369 & 371 Broadway in Tribeca. Sleepy Hudson plans to construct a $115 million, mixed use, 21-story luxury residential condominium tower on the site, which will also include prime retail space on its ground floor. Prodigious Capital Advisors, the exclusive financing consultant for Sleepy Hudson on the project, selected Pantheon Financial because of the long-standing relationship Pantheon has fostered with Canyon as well as the merchant bank's local construction expertise through Pantheon's company Oculus oculus (Latin: “eye”) In architecture, any of several elements resembling an eye, such as a round or oval window or the round opening at the top of some domes (see Pantheon). Builders. "We are thrilled to have assembled such a sophisticated team in Canyon, Sleepy Hudson and Prodigious Capital for Pantheon Financial's first loan closing," said Ken Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Pantheon's founder. "Pantheon and Canyon have partnered before on a variety of transactions," said Bobby Turner Robert "Bobby" Turner (born May 6, 1949 in Midway, Alabama) is the Denver Broncos running backs coach. He joined Denver in 1995, he also worked for 20 years as a college assistant and has 34 combined years of coaching experience at the professional, collegiate and high school , managing partner of Canyon Capital Realty Advisors. "And Pantheon's long history with David Eyzenberg, the president of Prodigious Capital Group, closed the circle and provided all parties involved with a greater level of comfort." Sleepy Hudson is a New York-based multi-family developer founded by David Kislin and Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Tsimmer. The firm is now completing construction on Highline 519 on West 23rd Street in Chelsea. |
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