Moinian Group, Chetrit Group and Minskoff Equities scored a $375 million loan to refinance a Garment District office complex. Insurance giant American International Group provided the money to refinance 500-512 Seventh Avenue. The loan replaces older financing from 2006, including a loan for $186 million and another for $20.1 million, Debtwire reported. The three partners acquired the ground lease for the property, along with 228 West 38th Street, in 1999 for $140 million, according to […]
source https://therealdeal.com/2018/05/31/chetrit-minskoff-and-moinian-get-375m-refi-in-garment-district/
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