Eichner hunting for $180M condo inventory loan in Flatiron

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While capping off this boutique collection consisting of only 83 units, 45 East 22nd will take the crown for the finest views in the Flatiron/Madison Square Park district. 45 East 22nd is a short walk from Madison Square Park and Gramercy Park.

After launching sales in January, Ian Bruce Eichner’s Flatiron condo tower has hit the half-way mark, and the developer.

Chelsea Clinton and husband Marc Mezvinsky have plunked down $10.5 million for an apartment across from Madison Square Park, the. The city’s commercial retail insiders sometimes bemoan required.

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Eichner’s tower will will be set behind One to the east, on the same block. The new tower will rise 150 feet higher. Rupert Murdoch recently closed on a 4-floor penthouse for $57 million at.

Partly depends on the cost of the HOA. Personally, I like to put at least 20% down on a loan to avoid PMI and to get a better rate. The minimum I would probably do is 10% down, which would put my monthly payments (including principle, interest, taxes and insurance and a ~$300 HOA) at about the market rent for a 1 or 2-bedroom condo in So Cal (around $1900-2000), depending on the area.

CIT provided a $48 million construction loan for the development of a condo tower in the Flatiron District.

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Call me Houdini: Eichner gets Madison lifeline at Flatiron condo project – $168M inventory loan will settle dispute with JV partners. It’s also become a prominent backer of more straightforward development projects, loaning $300 million to Ceruzzi Properties for a 72-story luxury condo at 138 East 50th Street and $91 million to Stern’s JDS Development and Largo Investments to finish construction of the Fitzroy condo in Chelsea.

Eichner inventory loan grows to USD 204m, Baupost said to be leading bidder 18 October 2017 Developer Ian Bruce Eichner is close to completing a usd 204m financing package backed by inventory of residential condominiums at his madison square park tower project, said three sources familiar with the situation.