Zara Realty just landed a $173 million refinancing package for 15 of its buildings in Queens. M&T Bank provided the loan, which included a $48.2 million gap mortgage, according to documents filed with the city Department of Finance on Tuesday. Zara representatives noted that the company is making a series of long-term investments in its Queens buildings, which include upgrades to the buildings’ heating and cooling systems, new elevators, as well as new kitchens, floors […]
source https://therealdeal.com/2018/11/27/zara-realty-snags-173m-to-refi-queens-portfolio/
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