The Durst Organization is refinancing its Harlem project along Park Avenue courtesy of a $95 million loan from M&T Bank. The Buffalo-based bank had already loaned Durst $65 million worth of debt for its roughly $91 million purchase of 1800 Park Avenue in 2016. The developer had purchased defaulted debt on the site, and cut a deal with Ian Bruce Eichner’s Continuum Company for the purchase. The new financing from M&T provides Durst with an […]
source https://therealdeal.com/2018/08/24/durst-organization-refinances-harlem-project-with-95m-loan/
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