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Transactions - JULY 31, 2024

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BLDG, DWREI JV secure $95m first mortgage loan for 29-story office building located in New York

by Denise Moose

A joint venture between Lloyd Goldman's BLDG and David Werner's DWREI secured a $95 million senior mortgage acquisition loan for 100 Wall Street, a 29-story office property totaling more than 515,000 gross square feet.

“I am proud to once again partner with BLDG,” said David Werner, president at DWREI.

Northwind Group provided the loan for the borrowers.

“100 Wall is an extraordinary asset that presents an array of opportunities to enhance value and tenant experience,” said  Justin Kleinman, executive vice president and COO at BLDG. “BLDG is thrilled to own this investment in partnership with DWREI.”

Northwind was represented by the Polsinelli Law Firm.

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