Story perspectives

Bank Hapoalim Funds $167 Million Midtown Tower Conversion

4/13/2026

Summary

Story summary

Bank Hapoalim (BHI), the U.S. branch, provided a $167 million construction loan to Yellowstone Real Estate Investments.
The loan finances converting the Candler Building at 221 West 41st Street in Midtown Manhattan into a 176-unit tower.
Total project financing reaches $203 million, including $36 million from Naftali Credit Partners.
Gil Karni, CEO of Bank Hapoalim's U.S. branch (BHI), and Isaac Hera of Yellowstone Real Estate Investments commented on the deal.

1 of 1

Story summary

Bank Hapoalim (BHI), the U.S. branch, provided a $167 million construction loan to Yellowstone Real Estate Investments.
The loan finances converting the Candler Building at 221 West 41st Street in Midtown Manhattan into a 176-unit tower.
Total project financing reaches $203 million, including $36 million from Naftali Credit Partners.
Gil Karni, CEO of Bank Hapoalim's U.S. branch (BHI), and Isaac Hera of Yellowstone Real Estate Investments commented on the deal.