We advised Legion Investment Group and Gindi Capital on the construction loan financing

Davis Polk advised Legion Investment Group and Gindi Capital on the $335 million construction financing for the development of a new 20-story, luxury condominium building on seven adjacent parcels in the Gramercy Park neighborhood of New York City. The building will have approximately 60 units.

Legion Investment Group is a real estate developer, owner and operator with an established track record of closing complex acquisitions and executing architecturally distinguished development projects in the New York metropolitan area. Led by CEO and founder Victor Sigoura, Legion is a team of highly experienced real estate professionals who collectively have acquired over $10 billion of real estate and developed over six million square feet of residential and commercial real estate worldwide. Legion is focused on acquiring and executing developments in strategic and highly sought-after locations to create value for its institutional and high-net-worth investors.

Gindi Capital, a prominent family-owned investment firm based in New York City, stands at the forefront of real estate. Established by brothers Eli and Jeffrey Gindi, the firm proudly carries forward a rich New York legacy spanning decades. With a forward-thinking approach, Gindi Capital specializes in identifying and revitalizing underutilized retail, multifamily, and mixed-use spaces across the nation’s premier commercial markets.

The Davis Polk real estate team included partner Michael J. Rishty, counsel Nick Soilleux and associates Jacob (Jack) Goldbrenner and Onuoha H. Odim. The tax team included partner Ethan R. Goldman and associates Shmuel Dov Sussman and Katherine S. Xiu. All members of the Davis Polk team are based in the New York office.

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