Simon Baron Development landed a $200.8 million loan for its acquisition of its partner’s stake in a 467-unit Long Island City apartment complex. The firm, headed by Jonathan Simon and Matthew Baron, closed on its purchase of Quadrum Global’s interest in the ALTA LIC earlier this week. The transaction, which involved a 96.45 percent stake in the 43-story tower, was valued at $313.2 million. Simon Baron is funding the purchase with a loan from a […]
source https://therealdeal.com/2018/10/25/simon-baron-lands-201m-loan-to-buy-out-quadrums-stake-in-lic-resi-tower/
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