Altman & An LLP Closes Approximately $55,000,000 in Cross-Border Financing for Manhattan New Development

July 29, 2025

Altman & An LLP is pleased to announce the successful closing of 43 private mortgage loans totaling approximately $55,000,000 in connection with foreign purchasers acquiring sponsor units in a newly developed condominium project in Manhattan.

Representing the private lender, the firm’s Banking Team structured and closed each financing over a four-week period, delivering customized lending solutions tailored to the unique needs of international buyers. Traditional institutional financing is often limited or unavailable to foreign nationals purchasing units in new developments, making private lending an essential source of capital in cross-border transactions of this nature.

Our team advised on all aspects of the transactions, including loan structuring, regulatory compliance, due diligence, documentation, and coordinated closings. We worked closely with sponsor counsel, title companies, fund managers, borrower counsel, and transaction parties to ensure an efficient and streamlined closing process across all 43 loans.

The transaction underscores Altman & An LLP’s ability to manage high-volume, cross-border real estate financings while maintaining precision, responsiveness, and strict compliance with U.S. and New York banking and lending regulations.

Altman & An LLP regularly represents private lenders, financial institutions, developers, investors, and international clients in complex commercial lending, real estate finance, and cross-border transactional matters throughout New York and New Jersey.