Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced the origination of a $90 million senior first-mortgage loan for the acquisition and pre-development of 675 Third Avenue, a 32-story, class A office building slated for conversion into approximately 430 multifamily rental units, a direct response to New York City’s increasing housing demand.
The loan, structured and originated by Northwind’s latest debt fund, Northwind Debt Fund III, aligns with the firm’s strategic focus on delivering tailored financing solutions to highly qualified sponsors and premier projects within New York City and other major gateway markets nationwide. NDF III was launched in January 2025 and has quickly built momentum, with Northwind Group closing on approximately $300 million in new originations within the first quarter alone, following a strong 2024 performance that saw more than $1.1 billion in loan originations across Northwind’s credit plat
