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Northwind, BHI lend $170M to UWS luxury condo development

Northwind Group and BHI announced a $170 million construction loan on April 1, 2025, for a luxury condominium project.
The loan addresses a shortage of large boutique-scale residences on Manhattan's Upper West Side, where the development will be located.
Nortco Development leads the project at 200 West 88th Street, featuring 36 units with three- to five-bedroom configurations and curated amenities.
Ran Eliasaf of Northwind noted pleasure in funding Nortco again and collaborating with BHI; Ilana Druyan of BHI expressed excitement for the partnership.
The financing highlights Northwind's focus on tailored solutions and BHI's commitment to premier NYC condominium developments, following Northwind's $1.1B in 2024 originations.

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Altavista Journal

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Northwind Group and BHI Provide $170 Million Construction Loan for Nortco's Boutique Luxury Condominium Project at 200 West 88th Street in Manhattan

NEW YORK, April 1, 2025 /PRNewswire/ -- Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, together with BHI, the U.S. branch of Bank Hapoalim B.M., a full-service commercial bank, today announced the origination of a…

4 days ago·Altavista, United States

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W42ST Magazine

Pretzels to Penthouses: W37th Street Site Sold for Luxury Condos

Former kings of New York City pushcarts, M&T Pretzel are selling their Hell’s Kitchen industrial building — with plans filed to replace it with luxury condos, government records show. M&T Pretzel is selling off their W37th Street warehouse, with plans filed to build luxury condos at the site. Photo: Phil O’BrienGeorge Makkos is listed as in contract to sell the building at 349 W37th Street (bw 8/9th Ave) and the adjacent parking lot through M&T …

3 days ago

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