Moinian Group landed a $140 million loan for Financial District residential tower Ocean at One West Street. The new debt replaces a $135 million Berkadia Commercial Mortgage loan from 2012, according to records filed with the city Wednesday. The new loan, also from Berkadia, is a 3.99 percent fixed-rate loan that includes a $12.5 million gap mortgage. Berkadia secured the ten-year financing through Freddie Mac. The property, which sits between West Street and Washington Street […]
source https://therealdeal.com/2018/10/31/moinian-lands-140m-refi-for-fidi-resi-tower/
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