Tuesday, 20 November 2018

Essex Crossing developer lands $161M to refi rental building

Delancey Street Associates just landed a $161 million refinancing package for its market-rate, mixed-use rental building at Essex Crossing. The developer, a joint-venture partnership between BFC Partners, L+M Development Partners and Taconic Investment Partners, received a $93 million loan from Wells Fargo for the Rollins, an apartment building at 145 Clinton Street named for jazz tenor saxophonist Sonny Rollins, the New York Post reported. Goldman Sachs also provided $68 million through its commercial mortgage-backed securities […]



source https://therealdeal.com/2018/11/20/essex-crossing-developer-lands-161m-to-refi-rental-building/

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