The Dermot Co., Affinius Capital and PGGM complete refinancing of luxury multifamily property on Manhattan’s Upper West Side
The Dermot Company, in partnership with Affinius Capital and PGGM, has procured a refinancing loan from accounts managed by KKR for the multifamily asset at 101 West End Ave., located in the Lincoln Square neighborhood within Manhattan’s Upper West Side. Meridian Capital Group was exclusively retained to secure financing on behalf of the joint venture.
101 West End Ave. is a 35-story, 502-unit, luxury residential building with units ranging from studios to three bedrooms. Dermot recently completed a significant renovation program to the units and common areas. The asset has newly renovated units accented with plank wood floors, Euro-style cabinetry, quartz countertops, stainless-steel appliances, new bathrooms, custom closets, and in-unit washers and dryers. The building’s amenities include an indoor basketball court, fitness center, children’s playroom, resident lounge, theater room, billiard room, party room, workspace, poker room and a 7,650-square-foot landscaped ro