(Read more on the debt and equity markets andthe multifamilymarket .)
NEW YORK CITY-Wrightwood Capital has provided $25.3 million tofinance the conversion of a building to apartments in New YorkCity. The building, located at 315 W. 35th St., is in the GarmentDistrict of Manhattan.
Built in 1927, the property is currently a vacant 14-story loftoffice building. The sponsor, Ari Chitrik, a Manhattan developerthat specializes in the construction of multifamily buildings inNew York, plans to convert the property to a 57-unit apartmentbuilding, with approximately 5,000 sf of retail space on the groundfloor.
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