Am Law 100 firm Polsinelli recently advised Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, in a $23 million senior secured first-mortgage loan collateralized by the remaining 18 unsold residential condominium units in Los Altos, CA. This is the first loan in the Bay Area provided by Northwind's debt funds, highlighting Northwind's strategy of providing financing to high-quality assets in gateway markets across the U.S.

The property, located at 450 First Street in Los Altos, was built by Edge Development Group, a vertically integrated real estate developer, general contractor and investment group that focuses on residential and commercial real estate in the San Francisco Bay Area.

More information can be found here.

The deal was led by Polsinelli Shareholder John Vavas, and included Associates Erin Putnam-Miller and Savanna Barlow.