The real estate private equity firm and asset management company, Savanna has locked up a $176 million construction loan for its planned Morningside Heights condominium building in New York city. Provided by Deutsche Bank, the funds will be used to build a 32 story, 170-unit building totaling 451,000 square feet at 525 West 122nd Street. The firm acquired the property and air rights from the Jewish Theological Seminary in 2016 for $96 million.
