Legion Investment Group, SMA Equities partner on new UES resi development
Victor Sigoura’s Legion Investment Group is adding another project to its Upper East Side portfolio. The developer is partnering with Samy Mahfar’s SMA Equities to develop a 300,000-square-foot residential building on the corner of East 84th Street and Third Avenue. The partners secured a $99 million loan from BDT & MSD Partners and Deutsche Bank, which closed Thursday. A Walker & Dunlop team led by Aaron Appel, Dustin Stolly and Sean Bastian helped arrange the financing. SMA Equities, real estate investor David Moussazadeh and Rex Properties’ Francis Moezinia began assembling the site in 2007, when entities tied to them purchased […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
New Study Shows Solo Living Can Bring Wellness-Enhancing
Space Uses
History Meets High Drama At This $21.9 Million Houston
Mansion
Inside The Peter Millar Suite At Omni La Costa: Where Luxury
Golf Meets Interior Design
Is Flipping Houses Still Worth It? A 20-Year Flipper Shares
What’s Working
How Photographers Capture the Best Lighting for Real Estate
Photography
Pied-à-terre tax rollout challenge tossed by appeals
court
Aby Rosen checks out of 11 Howard
KSL Capital Partners eyes $100M deal for Marram
Montauk
Real estate’s winners and losers on Election Day
Sedesco snags missing piece of Billionaires’ Row
megaproject
