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UES Development Lines Up Big Construction Loan

NEW YORK CITY—Located on a major thoroughfare, the site will include 61 luxury condominiums and two stories of ground-floor retail space.

151-east-86th-street The project 151 E. 86th St. will include luxury residential space and two stories of ground-floor retail.

NEW YORK CITY—Ceruzzi Holdings and Kuafu Properties have secured a hefty construction loan for a luxury mixed-use residential and retail project on the Upper East Side.

Located at 151 E. 86th St., the project has nabbed $290 in financing from a foreign capital source. Holliday Fenoglio Fowler arranged the capital on behalf of the developers after previously sourcing financing on Ceruzzi’s behalf for its acquisition of the site in 2014.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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