The Dermot Company secured a $120 million loan for its acquisition of the Helux apartment complex in Hell’s Kitchen. HSBC originated the new debt, which replaces a $55.8 million Fannie Mae mortgage from 1999, according to records filed with the city on Tuesday. Dermot was reported to have gone into contract to buy the property, at 520 West 43rd Street, for $193 million in April. The seller is Boston-based investment firm AEW, which paid $170 […]
source https://therealdeal.com/2018/09/18/dermot-lands-120m-loan-for-hells-kitchen-rental-complex-buy/
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