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New Manhattan Residential Property 3Eleven To Get $500 Million CMBS Loan

Mixed-Income Residential Project Offers 938 Units in West Chelsea Neighborhood
3Eleven, a mixed-income property located at 311 11th Ave. in Manhattan, is slated to land a $500 million commercial mortgage-backed securities loan. (Douglaston Development)
3Eleven, a mixed-income property located at 311 11th Ave. in Manhattan, is slated to land a $500 million commercial mortgage-backed securities loan. (Douglaston Development)
CoStar News
July 24, 2024 | 10:20 P.M.

The development partners of a newly completed 938-unit mixed-income residential property in Manhattan’s West Chelsea neighborhood just south of Hudson Yards are tapping the commercial mortgage-backed securities market for financing.

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