Northwind Group Closes $30M Loan for Union Square Property Deal
Northwind Group originated a $30 million loan backing Pro H Group's acquisition of 110 East 16th Street in Manhattan's Union Square neighborhood.
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has originated a $30 million loan to finance Pro H Group's acquisition of 110 East 16th Street, a property located in New York City's Union Square district, the firm announced Nov. 9, 2026.
Robin Schneiderman of Brown Harris Stevens Development Marketing represented Pro H Group in the transaction, according to the announcement. The deal underscores continued private capital activity in one of Manhattan's most commercially active neighborhoods, where Union Square serves as a crossroads for retail, office, and residential demand.
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Northwind Group operates as both a private equity investor and a debt fund manager, positioning the firm to structure acquisition financing of this scale for institutional and developer clients active in the New York metropolitan market. The $30 million origination reflects the firm's focus on providing bridge and acquisition debt for urban real estate transactions.
Union Square has remained a focal point for real estate investment given its transit connectivity, dense foot traffic, and mixed-use development potential. Transactions in the corridor have drawn attention from both domestic and foreign capital groups seeking exposure to core Manhattan assets.
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