The University Financing Foundation and Northwell Health have received a $246 million acquisition loan for their purchase of six vacant Upper East Side buildings. The loan comes from CGA Mortgage Capital, according to Commercial Observer. The Maryland-based company previously loaned Muss Development $198 million for Brooklyn Renaissance Plaza on Jay Street. TUFF, a nonprofit, purchased the Upper East Side buildings earlier in August from Mautner-Glick for $232 million, and Northwell Health plans to develop the […]
source https://therealdeal.com/2018/08/20/nonprofit-northwell-health-get-246m-loan-for-upper-east-side-assemblage/
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