Trinity Place signs $166.7M condo inventory loan with Macquarie Group for 89 units in West Village

Trinity Place Holdings through the entity Tphgreenwich Owner LLC as borrower signed a refi loan with lender Macquarie Group through the entity Macquarie Pf Inc. valued at $166.7 million for 89 properties including at the 90-unit condo (SC) project at 77 Greenwich Street in West Village, Manhattan, office building (OT) at 75 Greenwich in West Village, Manhattan, and condo (SC) at 77 Greenwich in West Village, Manhattan.
The deal closed on October 22, 2021 and was recorded on November 1, 2021.
The 89 properties have 145,560 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $1,145 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Trinity Place Holdings was Steven Kahn.
(121191021)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 90 residential units on March 8, 2021.
This loan refinances a 2018 construction loan of the same amount from MassMutual.
There was a condominium project filed with the address 77 Greenwich Street and the name 77 Greenwich Street on May 3, 2018. The principals of the sponsor, Tphgreenwich Owner Llc, was Steven Kahn. link

Within a 400-foot radius of 77 Greenwich, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, three were sales above $5 million totaling $42.5 million. The most recent of the three was Eb Greenwich-Pha Holdings LLC which bought one condo unit in the 2,295-square-foot, 204-unit mixed-use building (RM) at 133 West 11th Street for $11.2 million from Mr. Pants II LLC on September 24, 2021.
Of those five items, two were loans above $5 million totaling $52. million. The most recent of the two was Ascot Properties which borrowed $22 million from Signature Bank secured by the 64,840-square-foot, 82-unit rental (D6) on 87 Greenwich Avenue on March 18, 2020.

Direct link to Acris document. link