Apr 29, 2025

Apr 29, 2025

Northwind Group Provides $45M First Mortgage Loan for the Acquisition and Predevelopment of 300 East 42nd Street Slated for Residential Conversion

Northwind Group Provides $45M First Mortgage Loan for the Acquisition and Predevelopment of 300 East 42nd Street Slated for Residential Conversion

Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced the origination of a $45 million senior first-mortgage loan for the acquisition and predevelopment of 300 East 42nd Street, an 18-story office building located in Midtown East submarket of Manhattan. The loan will bridge the property’s conversion into a mixed-use asset with 135 multifamily rental units in addition to a long-term leased office component. The financing was arranged by Morris Betesh at Arrow Real Estate Advisors.

Facade of 300 E 42 Street
Facade of 300 E 42 Street
Facade of 300 E 42 Street

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.