Korean firm Daishin Securities landed a $100 million loan for its acquisition of 400 Madison Avenue in Midtown. Daishin closed on its acquisition of the 20-story, 146,200-square-foot tower for $194.5 million last week. South Dakota-based Midland National Life Insurance Company provided the company with acquisition debt, which included a $49 million gap mortgage, according to records filed with the city. The new mortgage replaces a $51 million JPMorgan Chase loan from 2015. The Korean firm […]
source https://therealdeal.com/2018/10/31/korean-firm-daishin-lands-100m-loan-for-400-madison-avenue-buy/
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