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NEW YORK CITY-Clarett Capital LLC, a joint venture between the Clarett Group and Prudential Real Estate Investors, has obtained $17.5-million mezzanine construction loan for Chelsea House, a 13-story, 64-unit luxury condominium at 130 West 19th St. Formed in December 2002, the partnership, which was arranged by New York City real estate investment banking firm Sonnenblick-Goldman, plans develop $500 million to $700 million worth of rental and condominium projects here.

Sonnenblick-Goldman Co. arranged the financing and ASB Capital Management Inc. provided the funding. Sonnenblick also recently placed a $32.4-million mezzanine construction loan with the same lender for Clarett's Sky House condominium development at 11 East 29th St.

Clarett Capital is currently developing six properties here as well as one in Los Angeles. Opus, a 22-story condominium on the Upper West Side is open for occupancy and construction has begun on Place 57, a 36-story condo at 207 East 57th St.