The Georgetown Company has landed financing for its office redevelopment at 787 11th Avenue. The company secured $410 million from Societe Generale, which provided the 10-year commercial mortgage-backed securities loan, Commercial Observer reported. “We had great reception,” Jonathan Schmerin, Georgetown managing principal, told CO. “We were looking for a CMBS loan and a number — if not all — of the major Wall Street players shared their indication of interest with us.” Ackman-Ziff’s Russell Schildkraut […]
source https://therealdeal.com/2019/01/23/georgetown-lands-410m-loan-for-787-11th-ave/
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