Richard Lou’s LCRE Group refinanced the construction loan on its new Marriott-branded hotel in the Financial District, nearly a year after the firm reportedly was on the hunt for new debt. The lender, Shanghai Commercial Bank, provided $85 million to refinance the 33-story AC Hotel New York Downtown at 151 Maiden Lane, according to a public record filed Tuesday with the city’s finance department. The debt includes $13 million gap mortgage. Representatives from Shanghai Commercial […]
source https://therealdeal.com/2019/02/19/lcre-group-lands-85m-refi-for-fidi-hotel/
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