JLL Capital Markets has secured $167 million in condominium inventory financing for Jolie at 77 Greenwich St., a 90-unit condominium tower in Lower Manhattan that began closing units in September.
JLL represented the sponsor, Trinity Place Holdings, to place the loan with Macquarie Capital, the advisory, capital markets and principal investment arm of Macquarie Group. The funds will be used to retire existing construction financing and fund remaining project costs.
The 500-foot tower consists of 90 residential condominium units and approximately 7,500 s/f of retail. Jolie’s first residents have moved into their new homes and construction is nearing completion.
With architecture by FXCollaborative and interiors by Deborah Berke Partners, the boutique, full-service building has no more than four units per floor. The residences, averaging 1,534 s/f, range from one- to four-bedrooms and offer walk-to-work access to over 90 million square feet of office space in Lower Manhattan and numerous nearby parks and neighborhood amenities.
The building will also include a new kindergarten through 5th grade public elementary school, which is accessed through a separate entrance located on Trinity Place.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Geoff Goldstein, Steve Klein and Alex Staikos.
“Jolie at 77 Greenwich Street is an extraordinary Lower Manhattan residential project developed by a sponsor with unmatched experience in New York,” said Goldstein. “This stand-out property represents the powerful future of Lower Manhattan.”
