Taconic, L+M Development and others, borrow $215M from JPMorgan Chase and Goldman Sachs CMBS group for property in the Lower East Side

Taconic Investment Partners, BFC Partners, L+M Development Partners, Prusik Group and Goldman Sachs Urban Investment Group through the entity Site 2 DSA Residential LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank and Goldman Sachs CMBS group valued at $215 million for 4 parcels in Essex Crossing, including the tax class residential condo in Acris (SC) and containing 195 residential units at 125 Delancey Street in Lower East Side. The deal closed on October 25, 2019 and was recorded on November 4, 2019. The building is known as The Essex.

AKS Capital Partners’ Jonathan Schwartz, Aaron Appel, Keith Kurland and Adam Schwartz arranged the financing.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link