Broad Street Development has locked in a roughly $101 million loan to fund its purchase of 370 Lexington Avenue. Invesco Real Estate provided the financing, according to mortgage documents filed this week. Broad Street agreed to buy the property for $190 million in September from Japanese investment company Unizo Holdings, which is offloading its $1 billion Manhattan portfolio. Unizo sold the 27-story, 311,000-square-foot tower at a loss, having paid Sherwood Equities and JPMorgan Chase $247 […]
source https://therealdeal.com/2018/12/18/broad-street-development-secures-100m-for-370-lexington-buy/
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